A global facility known as a supply chain transports goods and services from raw resources to final consumers using a planned flow of information, physical distribution, and money.
Supply chain management (SCM) is the administration of a good from its production to consumption. SCM deals with the movement of resources, money, and information. This covers the creation, implementation, monitoring, and control of the product. With a focus on profit, this method decreases inventory, speeds up transactions, and enhances workflow.
Supply chain management is described as "the design, planning, execution, control, and monitoring of supply chain activities with the purpose of creating net value, constructing a competitive infrastructure, utilizing global logistics, synchronizing supply with demand.
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