Supply Chain Management Crash Course - E-book - ePub

In the field of commerce, the term SCM (supply chainmanagement) is referred to as the effective management of theflow of products as well as services from the manufacturingunits to the end customers. This process also involves thestorage as well as the movement of the desired raw materials, of the work in progress inventory, and of the final goods fromthe origin point to the end consumption point.
The process ofeffective supply chain management also includes the interlinkedor interconnected networks, node businesses and channelswhich are used for combining the provisions of the given goods& services that might be required by the customers in thegiven supply chain. The definition and importance of effectivesupply chain management needs to be understood by theorganizations of the world to ensure seamless operations andsatisfaction of the end customer at the same time.