3 A B C D E F G H I J K L M N O P Q R S T U V W Y

Supply Chain Management

The term Supply Chain Management (SCM) brings together business processes including procurement, supply chain planning, supply chain execution, logistics, and order management. Its operational goal is to balance supply and demand. SCM teams try to improve the visibility of materials and incidents up and down the chain, so that they can react quickly and ensure maximum demand fulfillment and minimal excess inventory throughout the chain.