Supply chain management is the management of the flow of products and services and comprises all processes that transform raw materials into finished goods. It involves the active streamlining of a business’s supply-side activities in order to optimise consumer value and gain a competitive advantage in the market.
Improvements in productivity and efficiency can have a direct impact on a company’s bottom line. Good supply chain management keeps companies out of the limelight and away from expensive recalls and litigation. In supply chain management (SCM), the supply chain manager coordinates the logistics of the supply chain’s five components.