What is Supply Chain Management? Why is it important?
Supply Chain Management (SCM) is an important part of every organization, whether small or large. It is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. SCM also deals with the movement and storing of materials needed to create a product, as well as inventory management, and keeping track of finished goods from where they were created to who they go to.
Modern supply change management encompasses the strategic alignment of end-to-end business processes to reali...
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Importance of Supply Chain Management
There are many importance of supply chain management and IT can help in SCM. Information technology provides control and overview over the inventory and hence helps in avoiding many bottlenecks. Know more on how information technology in inventory management helps in the article below:
Spectrum ERP have helped many in making their supply chain more efficient than ever it can help you too. Know more
How Technology impacted Supply Chain
Supply chain management is a crucial term that emerged in business in the 21st century. The term was there way before the 21st century, the reason why it gained popularity recently is the advancement of technology that took place in the past 15-20 years. The term supply chain management is mostly attributed to large corporation, however, every business has a supply chain. Every business has suppliers, purchasing, production, distribution, and finally customers hence every business needs a reliable and robust supply chain that helps them in avoiding bottlenecks. This can be done by utilizing ...
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