Supply chain management (SCM) is the management of the flow of goods and services and includes all process that transform raw material into final products. It involves the active streamline of a business’s supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.
In SCM, the supply chain managers coordinates the logistics of all aspects of the supply chain which consists of five parts : 1. The plan or strategy 2. The source (of raw materials or services) 3. Manufacturing (focused on productivity and efficiency), 3.Delivery and logistics, and 4.Delivery and logistics and 5. The return system (for defective or unwanted products). The presently top 22 company worldwide to use the strategy SCM like Cisco , Schneider Electric, Colgate-Palmolive, Johnson & Johnson, PepsiCo, Pfizer, Intel, Nestlé, Lenovo, Microsoft, L’Oréal , The Coca-Cola Company, Nike, Walmart, HP Inc, Diageo, Dell Technologies, Inditex, BMW, AbbVie etc.