A strategy's development, sourcing raw materials, production, distribution, and returns are the five most important aspects of SCM. Cost management, cost reduction, and avoiding supply shortages are the responsibilities of a supply chain manager.
How does SCM work?
From the acquisition of raw materials to the delivery of the product at its final destination, supply chain management (SCM) is the management of the flow of goods, data, and finances associated with a product or service.
What is a system for managing the supply chain?
To put it succinctly, it refers to the software that your business employs to oversee the movement of any product or service, including raw material procurement and final delivery, as well as the flow of data, resources, and goods.
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