The Role of Supply Chain Management

Supply chain management (SCM) is the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer. Effective SCM is essential for businesses to reduce costs and improve efficiency.

Benefits of Effective SCM

• Cost Reduction: Streamlined processes lead to lower operational costs.
• Improved Quality: Better supplier relationships enhance product quality.
• Increased Customer Satisfaction: Timely delivery and quality products lead to happier customers.

In today's competitive market, mastering supply chain management can be the difference between success and failure.