Supply Chain Management (SCM) is a vital part of every business, whether large or small. SCM is the active management of the entire supply chain activities that maximize customer value. It deals with the movement of raw materials needed to create a product, inventory management, storage of materials and keeping track of finished goods from where they were processed to the consumers’ destination. Other areas that SCM is interrelated to are procurement, logistics and information technology. Companies should use strategic Supply Chain Management, to optimize the distribution of various products and materials.
