Supply chain management
Supply Chain Management Introduction to Supply Chain Management Supply chain management refers to the handling of the entire production flow of goods and services. It involves the movement and storage of raw materials, inventory, and finished products. The process ensures that the right product reaches the right customer at the right time. Effective supply chain management reduces costs and enhances customer satisfaction. Modern SCM relies on technology and global networks for efficient Key Components of Supply Chain The primary components include planning, sourcing, production, delivery, and returns. Planning ensures demand forecasting and allocation of resources. Sourcing involves selecting suppliers and managing supplier relationships. Production refers to the actual manufacturing and assembly of goods. Delivery and returns ensure distribution and after-sales ma...