Supply Chain Management (SCM) is the management of the flow of goods and services and incorporates all procedures that change raw materials into final products. It includes the dynamic streamlining of a business's supply-side exercises to maximize customer value and gain a competitive advantage in the marketplace. It enables enterprises to source the materials essential to create a product or service and deliver that product or service to customers. Enterprises need to structure their supply chain and after that figure out which measurements to use so as to guarantee the supply chain is efficient, effective, delivers value to customers, and meets their goals.
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