Supply chain management (SCM) is the active management of a supply chain (all the
activities included in generating a product or service) with the aim of achieving maximum net
value, enhancing customer satisfaction, leveraging the assets at disposal, etc. The supply chain
includes raw material procurement and storage, inventory, process, finished goods all the way to
the consumer end. SCM activities include product development, sourcing, production, logistics
and the information system needed to coordinate the above.
SCM decisions
are generally...
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