Forums Marketing What is supply chain management?

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    What is supply chain management?

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    Supply chain management refers to the process of flow of goods and services. This flow involves the movement of the goods from the point of production to the point of distribution where it reaches the customer. Thus, Supply Chain Management can be understood as the acquirement of the raw material, processing of the intermediate goods, storing them, processing the final goods and finally making them available to the consumer. The supply chain management is a comprehensive process of collection and distribution.

    Supply chain management is a cross-functional process as it involves the acquirement of raw material and processing it internally. It involves the functioning of the several departments. The major aim of the Supply Chain Management is to streamline the business’s supply side so that a smooth flow can be maintained to maximise the customer’s satisfaction and secure a safe a place in the competition.

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