What is supply chain management?
What is the relation of logistics with supply chain management?
Asked by shreeya kamal
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1 Answer
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Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies. It is said that the ultimate goal of any effective supply chain management system is to reduce inventory.
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