Supply Chain Management is a process which involves the flow of goods and services from the place of production to the place of consumption. It aims at matching the difference between the demand and supply of products and fulfilling the requirements of the market. The chain starts from the supplier to manufacturer, wholesaler, retailer and the consumer at the end. It ensures proper coordination of the activities within these functions among the company and with other players in the market. Supply Chain Management not only includes the flow of products, but also involves flow of information and finances in an organization. It helps the management to ensure that products reach timely to consumers, reduce costs of production, meet the current needs of the customers efficiently and plan for the future requirements. Supply Chain Management is a complex process; it helps in making innovative strategies which will help in serving the consumers in an optimal way.
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