Supply Chain Management (SCM)

Supply Chain Management (SCM) is the management of the flow of goods and services from the point of origin to the point of consumption. It includes all the activities involved in the planning, procurement, production, transportation, storage, and delivery of goods and services. SCM is a critical function in shipping as it helps to optimize costs, improve efficiency, and enhance customer satisfaction. Effective SCM involves coordination and collaboration between suppliers, manufacturers, distributors, retailers, and customers to ensure that products are delivered on time and in good condition.