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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
Index
Product Information Encyclopedia
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