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What is Supply Chain Management about?

Supply Chain Management (SCM) involves the active management of supply chain activities to maximize customer value and achieve competitive advantage, encompassing processes from sourcing to delivery and returns. Key components include Planning, Sourcing, Making, Delivering, and Returning, with a focus on logistics, inventory management, supply chain visibility, and risk management. Effective SCM is essential for reducing costs, improving efficiency, and enhancing customer satisfaction in a competitive marke

Author

6nc5q9p05

Language

EN