Supply Chain Management (SCM) is the strategic coordination of all activities involved in the flow of goods and services, from the procurement of raw materials to the delivery of finished products to end consumers. This comprehensive process aims to enhance efficiency, reduce costs, and ensure customer satisfaction by streamlining every stage of the supply chain.

SCM encompasses various critical functions, including demand forecasting, supplier relationship management, production planning, inventory control, and logistics coordination. It often involves leveraging technology such as Enterprise Resource Planning (ERP) systems, data analytics, and automation to optimize operations and improve decision-making.

Effective supply chain management focuses on minimizing waste, reducing lead times, and maintaining product quality throughout the journey. It also includes risk management strategies to address potential disruptions, such as supplier delays, geopolitical issues, or natural disasters.
Additionally, modern SCM incorporates sustainability initiatives, such as reducing carbon footprints, implementing eco-friendly packaging, and ensuring ethical sourcing practices. By integrating these elements, supply chain management not only drives business success but also contributes to environmental and social responsibility.