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Supply Chain Management Definition and Explanation PDF Download

Learn Supply Chain Management definition in marketing with explanation to study “What is Supply Chain Management”. Study supply chain management explanation with marketing terms to review marketing course for online MBA programs.

Supply Chain Management Definition:

  • Managing upstream and downstream value-added flows of materials, final goods, and related information among suppliers, the company, resellers, and final consumers.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong

Supply Chain Management Explanation:

Store network the executives is the expansive scope of exercises required to plan, control and execute an item's stream, from procuring crude materials and creation through appropriation to the last client, in the most streamlined and practical way imaginable. SCM envelops the incorporated arranging and execution of procedures required to advance the progression of materials, data and budgetary capital in the zones that extensively incorporate interest arranging, sourcing, creation, stock administration and capacity, transportation or coordination's and return for abundance or inadequate items. Both business system and specific programming are utilized in these undertakings to make an upper hand. Store network the executives is a sweeping, complex endeavor that depends on each accomplice from providers to makers and past to run well. Along these lines, powerful store network the board likewise requires change the executives, joint effort and hazard the board to make arrangement and correspondence between every one of the elements.

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