Supply Chain Management: Crucial Aspects

Supply Chain Management

Supply chain management is a process of optimizing the flow of goods and services for an organization. Supply chain management involves streamlining all processes to turn raw materials into final goods. The main aim of this process is to boost customer value and retain a competitive edge in the market, meaning supply chain management is an integral function for all manufacturing entities.

Supply Chain Management (SCM) process includes planning, sourcing, production, inventory management, transportation and distribution.Advances in technology have made SCM more complex but also more efficient, with the use of software solutions for demand planning, inventory management, and transportation management.