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 includes all the stages of the process, from raw materials procurement, manufacturing, transportation, warehousing, and inventory management. Effective supply chain management ensures that the right products are available at the right time, in the right place, and at the right cost. This can help to increase efficiency, reduce costs, improve quality, and ultimately increase customer satisfaction. Supply chain management is a critical aspect of modern businesses, particularly for those that operate on a global scale.