What is Supply Chain Management (SCM) and It’s Importance?

The Supply Chain Management (SCM) is a group of activities needed to plan, control and execute a product’s flow. The term is indeed comprehensive and includes all the processes that transform the raw materials into the final product. To acquire maximized customer values and competitive advantages, these activities include dynamic streamlining. SCM focuses on providing 

Continue Reading

7 Key Principles of Supply Chain Management (SCM)

Principles of Supply Chain Management- To maintain the balance between customer expectation and reaching profitable growth is essential. The companies need to improve their Supply Chain Management (SCM) for the purpose. The review of the supply chain management process was first published in 1997, in an article named, “Seven principles of supply chain management” by David 

Continue Reading