What is Supply Chain Management SCM?

A supply chain, or logistics chain, is a system of processes, people, activities, information, and resources needed to get a product or service from producer to consumer.

Most manufacturers understand the importance of the supply chain, which is that connected network of organizations, resources, technologies, and individuals involved in the manufacture and sale of their products. Supply chain management (SCM) is the management of the flow of these goods and services and includes every process that converts raw materials into final products.

SCM embodies an effort by supply chain firms to create and implement supply chains that are efficient and economical. Its ultimate goal is to streamline a company’s supply-side activities to maximize customer value and achieve a competitive advantage in the marketplace.

You can read more from here: https://manufacturing-software-blog.mrpeasy.com/supply-chain-management/

Timecode:
0:00 Introduction
1:02 How Does Supply Chain Management Work?
1:48 There are five primary components of a supply chain management system.
5:14 Here are two examples of successful supply chain management
7:33 Summing things up

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Видео What is Supply Chain Management SCM? канала Manufacturing Software Channel