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Supply chain management is the process of integrating supply and demand management not just within the business, but also across all of the supply chain's many members and channels in order for them to function together as efficiently and effectively as possible.
The SCM involves designing and implementing planning and efficiently storing goods and services between the point of origin and point of consumption. Supply Chain Management ensures that major business processes within and across companies should deliver high-performance that drives competitive advantage. Supply chain management is critical for any business since it may provide several advantages; yet, bad supply chain management can result in extremely costly delays, quality difficulties, or a negative image.
To learn more in detail about supply chain management from professional experts, join ecadema, the best interactive learning platform where they provide supply chain professional trainers and supply chain risk management workshops.
Supply chain management enables businesses to deliver items more rapidly, assure product availability, decrease quality concerns, and negotiate returns with ease, eventually increasing value for both the business and its consumers.