Supply Chain Management (SCM) refers to the oversight and coordination of all activities involved in the production and distribution of goods, from raw materials to the final customer.
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What is supply chain management can be understood as the integration of key business processes, including sourcing, procurement, manufacturing, logistics, and delivery. The supply chain management definition highlights the strategic and efficient management of these processes to ensure timely and cost-effective delivery of products.
The supply chain management process includes planning, sourcing materials, production, distribution, and returning goods, all aimed at creating value and satisfying customer demands.
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