Book Details

Description:

**Supply Chain Management (SCM)** is the coordination and management of all activities involved in the production and distribution of goods and services, from raw material sourcing to final delivery to consumers. It includes planning, procurement, manufacturing, logistics, inventory control, warehousing, and customer service. The goal of SCM is to enhance efficiency, reduce costs, and ensure timely delivery by integrating processes and stakeholders—suppliers, manufacturers, transporters, warehouses, retailers, and customers—into a seamless flow of goods, information, and finances. It plays a vital role in achieving competitive advantage and customer satisfaction in today’s globalized economy.

The subject also introduces students to modern supply chain technologies such as Enterprise Resource Planning (ERP), demand forecasting, supply chain analytics, and sustainability practices. It teaches how disruptions like natural disasters, pandemics, or political issues can affect the flow of goods and how supply chain resilience and risk management can mitigate such challenges. A strong understanding of SCM is crucial for careers in operations, logistics, procurement, and inventory management, as it directly influences an organization's ability to meet market demands efficiently and profitably.