What is supply chain management (SCM)?
The management of a supply chain of goods as a process from supplier of raw materials or components to the manufacturer, to the distributor to the wholesale buyer to the end consumer. Supply chain management involves the actual products moving through the chain, but also the management of all the information (data) about the product, such as its origin, its destination, payment status, client ordering history, and information about all parties that handle the product in all links of the supply chain. Well-integrated third party SCM fulfillment company streamlines inventory, increases inventory turnover, improves the speed of completing transactions, and increases revenue for the client.
