Supply chain management is the task of overseeing and coordinating the components needed to successfully deliver a product or service to end customers. It involves streamlining processes such as production, inventory management, warehousing, and distribution. By improving supply chain management, businesses can increase efficiency and reduce costs, resulting in improved profitability. This can be achieved through better forecasting, more agile transportation services, smarter technology solutions and increased collaboration with suppliers. Ultimately, effective supply chain management leads to higher customer satisfaction and a better bottom line for companies.