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What is Supply Chain Management? A Guide for Businesses

Supply chain management (SCM) is the coordination of logistics, production, and distribution to ensure seamless operations. Businesses rely on SCM to reduce costs, optimize inventory, and enhance customer service. Effective SCM includes supplier selection, manufacturing processes, and transportation management. In today’s global economy, digital technologies like AI and IoT are revolutionizing supply chain management by improving visibility and efficiency. Understanding SCM is essential for businesses aiming to enhance productivity and profitability.

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02:09 PM - Feb 18, 2025 (UTC)

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