SCM
**SCM**
What is SCM?
SCM stands for Supply Chain Management. It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Crucially, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, SCM integrates supply and demand management within and across companies. It is used to improve efficiency and reduce costs across the entire supply chain, from raw materials to end-consumer delivery.
Which job functions commonly mention SCM?
Which organizations are mentioning SCM?
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