oboloo Glossary

SCM Supply Chain

oboloo Glossary

SCM Supply Chain

Supply Chain Management (SCM) is the process of managing the flow of goods, services, and information throughout the entire supply chain – from raw materials to finished products – in order to meet customer requirements. It’s a multi-faceted approach that requires coordination between multiple stakeholders, including suppliers, manufacturers, distributors, suppliers, logistics providers, and customers. The goal of SCM is to ensure a smooth flow of goods and services while achieving maximum efficiency, responsiveness, and cost savings across the entire supply chain network. By leveraging technology and analytics, companies can benefit from improved visibility, better communication, and efficient utilization of resources.