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Supply Chain Management Chain

oboloo Glossary

Supply Chain Management Chain

Supply Chain Management (SCM) is the process of managing the flow of goods, services, and resources from the point of origin to final destination. It encompasses the end-to-end process of planning, sourcing, production, delivery, and customer service of a company’s products and services. By effectively coordinating activities across all elements of the SCM network, companies can increase efficiency, reduce costs, and better satisfy their customers. Supply chain management plays an important role in helping businesses build competitive advantage and remain profitable in a highly competitive global market.

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