What is Supply Chain Management?

What is Supply Chain Management? Supply chain management – SCM was a term invented by Keith Oliver, a consultant belonging to the firm Booz Allen Hamilton, in the year 1982, to describe the overall process of planning, implementing, and controlling what goes on at the supply chain in order to satisfy customers’ needs in a quick, efficient manner. As carried out in practice, supply chain management can involve everything from overlooking the exchange and storage of raw materials, taking inventory of all work that is in process, as well as the movement of goods from their point of origin to…