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What is Supply Chain Management and Strategy about?

Supply Chain Management (SCM) involves coordinating activities from sourcing to logistics to ensure timely delivery of products at minimal costs while maintaining quality. Key components include planning, sourcing, manufacturing, distribution, and returns, with strategies like lean, agile, and resilient supply chains. In the pharmaceutical industry, SCM is crucial for ensuring product safety, regulatory compliance, and timely availability of medicines, while also addressing challenges like counterfeit drugs

Author

Mercy Salpha Okalebo

Language

EN