Define Supply Chain Management and Identify The Difference Between Supply Chain and Logistics adsdone.com
SCM (Supply Chain Management) is an essential term in Commerce which is relevant to the management of goods and services. Combinations of the processes in which we transform the raw material into final products also come into supply chain management. With the help of the supply chain management, it is possible for us to streamline the activities of a business and to gain an advantage over the competitors in the market. The members of the supply chain management are responsible for the production, shipment, and distribution of the different products of a company. With the help of supply chain management, it is also possible for us to cut the excessive costs of the products and to deliver these products to the customers as soon as possible. Five steps of the supply chain management are given below;
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