Supply Chain Management

n.

Pronunciation

/səˈplaɪ ʧeɪn ˈmænəʤmənt/

Acronym

SCM

Definition

The strategy, operation, and improvement of the processes that produce and distribute an organization’s product and services.

Supply chain management is a functional field of business with a focus on production and delivery systems to provide customer satisfaction and on time delivery at the lowest cost possible.

Category

Process

Related Terms

Product Information Encyclopedia