Supply chain management (SCM) is a process that helps enterprises source the materials required for manufacturing a product or service.
Supply chain management (SCM) improves the supply chain process and maximizes customer value to achieve sustainable competitive advantage. A continuous effort by supply chain management allows manufacturers to grow and run in the most effective & efficient way possible. Effective supply chain systems help both manufacturers and retailers to make and ship only as much product as can be sold, thus reducing excess inventory. SCM activities include product development, sourcing, production, and logistics, as well as the information systems needed to improve supply chain performance.
The supply chain management process helps enterprises establish a clear blueprint for procuring resources, manufacturing and delivering the final products to customers. It also helps in maintaining positive relationships with consumers.