Why every company requires supply chain management (SCM)?
We have seen many huge factories and many trucks or trailers transporting goods from place to place ever wondered how they perform such a complex transaction so smoothly without misplacing any item? Yes, that’s where supply chain management comes in. In easy words, supply chain management handles the flow of goods or services from the raw components to delivering them to the consumer. Supply chain management is the optimization of product flow from its raw state to the consumer’s delivery. It can include the movement and storage of raw materials, inventory, finished goods, work-in-process, and end-to-end order fulfilment from the point of beginning to the point of consumption. As we know now what supply chain management let's see why people use it. Why company or organization need supply chain management? It modernizes the flow of everything from goods to any unexpected natural disaster Here is some point to state the impotence of SCM: 1) Boost Customer Service 2) D...