What is SCM (Supply Chain Management)? At the most fundamental level, supply chain management (SCM) is management of the flow of goods, data, and finances related to a product or service, from the procurement of raw materials to the delivery of the product at its final destination.
The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.
Supply chain management is the overseeing of the flow of goods and services from raw materials to final products.
It includes all the processes involved in getting products to customers, such as shipping.
As the global economy recovers, demand and supply continue to be at odds with each other.