Supply Chain Management

Supply chain management (SCM) is the coordination and oversight of all activities involved in sourcing, producing, and delivering goods and services from raw materials to end customers. It encompasses key functions such as procurement, manufacturing, inventory management, logistics, demand planning, and supplier relationship management. The goal of SCM is to optimize efficiency, reduce costs, ensure quality, and deliver value across the entire supply chain. Modern SCM leverages digital technologies like AI, IoT, and analytics for greater visibility, agility, and resilience. Effective supply chain management is essential for meeting customer expectations, mitigating risks, and sustaining competitive advantage in dynamic global markets.