what is supply chain management

what is supply chain management refers to the oversight and coordination of all activities involved in the production, handling, and distribution of goods and services. It encompasses everything from sourcing raw materials to the final delivery of finished products to customers. Effective supply chain management ensures that goods are delivered on time, at the lowest possible cost, and with the highest quality. It involves planning, implementing, and controlling operations efficiently, and relies on strategies such as inventory management, demand forecasting, and supplier relationships. Businesses that optimize their supply chains can improve their competitive edge, reduce costs, and enhance customer satisfaction.