What is Supply Chain Management (SCM) and Why is it Important?

Everything you’re wearing, using, touching, or even eating, has all been part of a supply chain at one point -- you’re just the last stop. Watch to learn about supply chain management and its importance in personal and professional matters.

Supply chain management is responsible for getting a product from an idea, to a prototype, to a store, to a consumer. It refers to everything involved in planning, controlling, and executing a product’s flow, from start to end.

Supply chain management, or SCM, may sound simple, but it’s a huge and complex process. At it’s most basic, it involves a company, suppliers, and customers. But, there can be layers of customers and suppliers, multiple middlemen, complex logistics, researchers, delivery methods… SCM more closely resembles a web, than a linear chain.

What do you think is the most important step in supply chain management? Let us know in the comments, and please hit that like button.

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What is the role of Supply chain management in an organisation?