Answer:-
Supply Chain Management (SCM) is the process of overseeing the flow of goods and services from raw materials to the final product reaching customers. It involves planning, sourcing, production, logistics, and delivery to ensure efficiency and cost-effectiveness. Good SCM helps businesses reduce costs, improve quality, and meet customer demands on time. It also involves managing suppliers, tracking inventory, and optimizing transportation. In today’s fast-paced world, technology plays a big role in streamlining supply chains. Simply put, SCM ensures that the right product reaches the right place at the right time while keeping operations smooth and profitable.
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