Supply Chain Management - What is supply chain management and why it is important?

Q: What is supply chain management and why it is important?

Why Is SCM Important? SCM is important because it increases competitiveness and customer satisfaction. In this day and age, SCM plays an integral part of a firm's success. Efficiently running supply chains allow firms to quickly deliver products to the end-user for a low cost.

Answer

What makes SCM so crucial? Supply chain management (SCM) is critical since it boosts both competitiveness and customer happiness. To be successful in today's business world, supply chain management (SCM) is essential. Companies may save money and time by delivering items to customers through well-oiled supply networks.

Supply Chain Management - What is supply chain management and why it is important?

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