Supply chain management

In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw materials can be developed into finished products and delivered to their end customers. A more narrow definition of supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally". This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption.

Extends: [Supply chain management](https://wikipedia.org.ai/Supply chain management), Distribution (marketing), [Management by type](https://wikipedia.org.ai/Management by type), [Global business organization](https://wikipedia.org.ai/Global business organization), [Business terms](https://wikipedia.org.ai/Business terms)