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Supply Chain Management

   

Definition: Supply Chain Management the design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally.
SCM spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.


   
   
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Learn more about Supply Chain Management.



More on supply chain: Direct Distribution, Distribution Channel Levels, Indirect Distribution.

You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA.



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