What is supply chain management?

Supply chain management is the coordination and management of activities involved in the production and delivery of goods and services from suppliers to customers. It encompasses the entire process of planning, sourcing, producing, delivering, and returning products or services to customers, with the goal of optimizing the efficiency and effectiveness of the supply chain network. Effective supply chain management involves managing the flow of goods and services, as well as the flow of information and financial resources, across various stakeholders, including suppliers, manufacturers, distributors, retailers, and customers. It involves strategic planning, effective communication, collaboration, and coordination among all parties involved in the supply chain to ensure that products or services are delivered on time, at the right cost, and at the desired level of quality.

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Kindly make your query more specific, so that we can guide you accordingly.

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