“Supply Chain Management (SCM) is the strategic coordination and management of the flow of goods, information, and finances from raw material suppliers to the end consumer. It encompasses all activities involved in sourcing, production, transportation, and distribution, aiming to enhance efficiency, reduce costs, and deliver maximum value to customers.”
Supply Chain Management (SCM) is the backbone of modern businesses, orchestrating the seamless movement of goods, information, and finances from the raw material stage to the final consumer. It involves a network of interconnected entities, including suppliers, manufacturers, distributors, and retailers, all working together to deliver products and services efficiently and cost-effectively.
In an increasingly globalised and competitive market, businesses must adapt to changing customer demands, technological advancements, and economic fluctuations. SCM provides a framework to optimise these processes, ensuring that resources are used effectively while meeting customer expectations.
At its core, SCM is about creating value—reducing costs, enhancing quality, and ensuring timely delivery. It is not just about logistics but encompasses planning, sourcing, production, and customer service. By integrating these functions, businesses can build a resilient supply chain capable of thriving in dynamic markets.