What Do You Mean By Supply Chain

Supply chain management (SCM) is the process of managing the flow of goods, services, information and finances from suppliers to manufacturers, wholesalers, and eventually to customers. It involves the coordination of materials, data, and finances to produce and deliver a final product or service. A supply chain is the interconnected journey that raw materials, components, and goods take before being sold. It encompasses all entities involved in the creation and sale of a product, from sourcing raw materials to delivering final products. SCM is the management of the entire production flow, from start to finish, and involves complex logistics systems and coordination of facilities. At its core, SCM is about managing the flow of goods, data, and finances related to a product or service.

Supply chain management (SCM) involves the management of the flow of goods, services, information, and finances from suppliers to manufacturers, wholesalers, and customers. It encompasses all entities involved in the creation and sale of a product and includes the coordination of materials, data, and finances for the production and delivery of final products or services. SCM is about managing the entire production flow, from start to finish, and involves complex logistics systems and coordination of facilities.

Work fast from anywhere

Stay up to date and move work forward with BrutusAI on macOS/iOS/web & android. Download the app today.