Organizations must have a strategy for managing all the resources that are involved in meeting customer demand for their product or service. This strategy is developed in the plan component of SCM.
Supply chain management (SCM) is, at its most basic level, the control of the movement of materials, information, and money involved in the production of a thing or service, from the acquisition of raw materials to the delivery of the good at the intended location.
All procedures that convert raw materials into finished goods are included in supply chain management (SCM), which is the centralized control of the flow of goods and services. Companies can reduce unnecessary expenditures and expedite the delivery of goods to customers by optimizing the supply chain.
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