What is SCM (Supply Chain Management)?

SCM (Supply Chain Management) refers to the management of the supply chain. In its most basic sense, supply chain management involves the management of the flow of goods and services, encompassing processes such as raw material procurement, production, inventory management, logistics, and distribution.

The main goal of supplier chain management is to optimize the entire supply chain network by integrating the various functions and activities involved in the delivery of products or services. Effective SCM enables organizations to respond quickly to changing market demands, shorten delivery times, improve customer satisfaction, and increase profitability, thereby helping them gain a competitive advantage.