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Supply chain management is the streamlining of a business' supply-side activities to maximize customer value and to gain a competitive advantage in the marketplace. Supply chain management (SCM) represents an effort by suppliers to develop and implement supply chains that are as efficient and economical as possible.REAKING DOWN 'Supply Chain Management-SCM'. Typically, SCM will attempt to centrally control or link the production, shipment and distribution of a product. By managing the supply chain, companies are able to cut excess fat and provide products faster.
Integrated Supply Chain Management. The supply chain is a network of suppliers, factories, warehouses, distribution centres and retail-ers through which raw materials are acquired, transformed and delivered to the customer.Supplychain management is the strategic, tactical and operational level decision making that optimises supply chain performance.The strategic level defines the supply chain network, i.e., selection of suppliers, transportation routes, manufacturing facilities, production levels, warehouses, etc.The tactical level plans and schedules the supply chain to meet actual demand. The operational level executes plans.he strategic level defines the supply chain network, i.e., selection of suppliers, transportation routes, manufacturing facilities, production levels, warehouses, etc. The tactical level plans and schedules the supply chain to meet actual demand. The operational level executes plans.