oboloo Glossary

Supply Chain Management Purpose

oboloo Glossary

Supply Chain Management Purpose

Supply Chain Management (SCM) is the process of planning, organizing and controlling how resources are acquired and moved through an organization in order to create value through the delivery of products or services. It encompasses managing the entire flow of materials and information across an entire supply chain—from raw materials to finished goods. Ultimately, SCM is about creating a seamless and efficient system that meets customer demand with minimal cost and inventory levels. By using strategic planning and coordinating activities within the company and across partner organizations, SCM allows companies to move product from supplier to consumer as efficiently as possible.