What is supply chain management and why is it important?

Question

What is the importance of supply chain management?

Answer 1

The process of organizing, planning, and managing the flow of products, services, data, and money from the supplier to the client is known as supply chain management. In order to satisfy customer demand, minimize costs, improve quality, and boost profitability, organizations must implement effective supply chain management.

Check out the Supply Chain Management Course to learn more about the concepts of  logistics and supply chain management.