Category: Supply Chain Management

Supply Chain Management (SCM) involves the oversight and coordination of all the processes involved in producing and delivering goods and services, from raw material procurement to final delivery to the customer. SCM covers various activities, including sourcing, procurement, production, logistics, inventory management, and distribution. Effective supply chain management ensures that products are delivered on time, at the right cost, and with minimal waste, making it crucial for maintaining competitiveness in today’s fast-paced global economy. Key components include Logistics Management (movement of goods), Operations Management (production efficiency), and Procurement (strategic sourcing of materials). SCM also increasingly focuses on sustainability, ensuring that environmental and ethical practices are followed. Professionals in this field use technologies like Enterprise Resource Planning (ERP) systems, Warehouse Management Systems (WMS), and Transportation Management Systems (TMS) to optimize supply chain performance.