Supply Chain Management
The technology-enabled marketplaces of today allow suppliers and customers to have business transactions anytime and from anywhere in the world. Simultaneous with this evolution in the marketplace, organisations are being forced to contend with greater fluctuations in Supply and Demand.
The collective process from procurement of raw materials, production, transportation and delivery of finished product to the end-customer is termed as a Supply Chain. Supply Chain Management (SCM) involves planning and proper execution to respond to market demand for goods & services and cater to them.