“The supply chain stuff is really tricky.” – Elon Musk, CEO of Tesla and SpaceX.
Supply Chain Management (SCM) is the management of a network of all business processes and activities involving the procurement of raw materials, and manufacturing and distribution management of finished goods.
In commerce, supply chain management is the management of the flow of goods and services, between businesses and locations, and includes the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfillment from point of origin to point of consumption.
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