Supply Chain Management (SCM) integrates management practices and technology to optimize the flow of information and production among supply chain partners. It is crucial for gaining efficiencies, reducing costs, and managing complexities in a globalized market. While SCM offers benefits like improved responsiveness and performance, it also faces challenges such as the need for transparency and trust among partners.
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Supply Chain Management Text Book
Supply Chain Management (SCM) integrates management practices and technology to optimize the flow of information and production among supply chain partners. It is crucial for gaining efficiencies, reducing costs, and managing complexities in a globalized market. While SCM offers benefits like improved responsiveness and performance, it also faces challenges such as the need for transparency and trust among partners.