26. Supply Chain Management (SCM) Analysis
The supply chain can be defined as a network of suppliers, manufacturers, distributors, retailers, and customers that are linked by information, wares, and capital that move among the participants.1 Supply Chain Management (SCM) is the conduct of the interrelated elements among the supply chain’s functions, like procurement, logistics, and inventory management, as well as the interactions between the firm and outside companies within the supply chain.2 In a general context, SCM can be defined as
... the systematic, strategic coordination of traditional business functions and the tactics across these business functions within a particular company and across these businesses within the supply chain, for ...
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