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What is Supply Chain Management? Supply Chain Management(SCM) is defined as the management of flow of goodsinvolves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption
Importance of Supply Chain Management(SCM) Mostly Every Organizations find that they must rely on effective supply chains, or networks, to compete in the global market and networked economy. Supply-chain management is also very important for organizational learning. Companies with more geographically extensive supply chains tends to more connecting diverse trading cliques tend to become more innovative and productive.
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