What is Supply Chain Management (SCM)?

What is Supply Chain Management (SCM)?
There are a times when a single company may not handle all the processes needed for a fully salable product or service. This is more in those products and services that have long and complex process of production, packaging, branding and distribution.

Supply Chain Management is a network of companies that come up to handle various positions of product production so as to make provision of a quality end product possible to the end customers. This mechanism not only makes it possible for small businesses to thrive in the business, but also ensures that the end price tag of a product is down due to low cos