WHAT IS SUPPLY CHAIN MANAGEMENT

WHAT IS SUPPLY CHAIN MANAGEMENT SCM?Supply chain management SCMis the design and management of flows ofproducts, information, and funds throughout the supply chain.. Supply chain: the ne

WHAT IS SUPPLY CHAIN MANAGEMENT (SCM)?

Supply chain management (SCM)is the design and management of flows ofproducts, information, and funds throughout the supply chain

Supply chain: the network of all entities involved in the producing and delivering a finished product to final customer This includes sourcing rawmaterials and parts, manufacturing, producing, and assembling the products,storing goods in warehouses, order entry and tracking, distribution, and deliveryto the final customer

A typical supply chain may involve many different trading partners, calledstages These supply chain stages may include:

- Suppliers

- Producers

- Wholesalers/Distributors

- Retailers

- Customers

Every supply chain is different These stages may not present in every supply chain.