SCM is the most important business functions in today’s competitive global businesses. Supplying the right product at the tight time with the right cost is the simple mantra for surviving. SCM practices help organizations to achieve these efficiencies with least wastage.
The management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfillment from point of origin to point of consumption.