Supply chain management is the strategic coordination of a company’s supply chain activities to maximize customer value and achieve a sustainable competitive advantage. The term encompasses a range of activities, including material planning and procurement, production scheduling, inventory control, distribution networks, transportation management, and customer service management. By effectively managing its supply chain, a company can reduce costs, increase efficiency, and improve customer satisfaction. The official business definition of Supply Chain Management Terms And Glossary includes: Procurement, Logistics, Production Planning, Distribution Network Design & Management, Inventory Management, Transportation Management, Supplier Relationship Management and Customer Relationship Management.