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SCM - Supply Chain Management

Supply Chain Management (SCM) involves the coordination and management of all activities involved in the production, processing, and distribution of goods and services from suppliers to customers. SCM encompasses planning, sourcing, manufacturing, logistics, and inventory management. Effective SCM aims to optimize processes, reduce costs, and enhance customer satisfaction by ensuring timely delivery of products. Companies that excel in SCM can gain a competitive advantage by improving efficiency and responsiveness to market demands.

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