What is Supply Chain Management (SCM)?

Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. The goal of any effective supply chain management system is to reduce inventory, while maintaining product availability.  As a solution for successful supply chain management, sophisticated software systems with Internet interfaces are competing with Web-based application service providers (ASP) who promise to provide part or all of the SCM service for companies who rent their service. Supply chain management...

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