Supply Chain Management (SCM) is the process of overseeing the flow of goods, services, and information from the point of origin to the end consumer. It involves managing all stages of production, including procurement of raw materials, manufacturing, transportation, warehousing, and distribution. SCM focuses on optimizing efficiency, reducing costs, and ensuring timely delivery while maintaining product quality. Key areas include demand forecasting, inventory management, supplier relationships, logistics, and risk management. Effective supply chain management helps organizations improve competitiveness, reduce operational risks, and respond more effectively to market changes.
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