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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.
Processess involved in SCM
SCM optimizes these planning & execution processes. The optimized processes are:
  • Supply Planning
  • Demand Planning
  • Production Planning
  • Inbound/outbound logistic
Objectives of SCM
The Objectives of SCM are getting the right product to the right place, at the right time with the right price.
  • Reduced cycle time
  • Increased customer satisfaction
  • Reduced operating expense
  • Reduced working capital, and
  • Increased return on assets (ROA)