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In todays highly competitive market, where there is an expectation of rapid delivery, every link in the supplychain is critically important to ensure that products are manufactured efficiently, and waste is minimized. This recognizes the interconnected nature of procurement, production, logistics, and distribution.
Article provided to SupplyChain Game Changer by, and permission to publish here provided by, Aimee Laurence. Having a productive and efficient supplychain is very important for a business. In supplychainmanagement, it is essential to keep all unnecessary costs mitigated.
What is SupplyChainManagement (SCM) SupplyChainManagement (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer.
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