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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.
What Is Supply Chain Management? - Video. Supply Chain Management is a term used to describe the management of the multiple organizations, or supply chains, that get a product from the manufacturing stage into the hands of consumers. Students who study Supply Chain Management can work for manufacturers, retailers, consulting firms and transportation service providers.