SCM System (Supply Chain Management System)

The supply chain management or SCM is defined as the management of the goods’ flow. This process involves the movement as well as the storage of all raw materials, the work-in-process inventory, and also the finished products from the point of source to the point of use. Interlinked or interconnected networks, node businesses and channels are included in the stipulation of services and products needed by end consumers inside the supply chain. SCM system can be defined as the design, preparation, completion and control and checking of the supply chain activities with a goal of making net val...
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