Supply Chain Management Definition

What Is Supply Chain Management? Supply chain management (SCM) is the strategic coordination of every activity involved in creating a product and delivering it to the end‑customer. It covers sourcing raw materials, production planning, inventory control, warehousing, transportation, and post‑sale support. In short, SCM is the discipline of managing the end‑to‑end flow of goods, information, … Read more

Logistics Definition in Business Supply Chain Management

What Is Logistics in Business? Logistics encompasses the movement, storage, and flow of goods, services, and related information from the point of origin to the final customer. It is the vital engine that keeps a supply chain functioning smoothly and efficiently. Key Components of Logistics Transportation: Choosing the optimal mode of transport (truck, rail, air, … Read more