supply chain management (SCM) |
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Definition
Management of material and information flow in a supply chain to provide the highest degree of customer satisfaction at the lowest possible cost. SCM requires commitment of supply chain partners to work closely to coordinate order generation, order taking, and order fulfillment—thus, creating an 'extended enterprise' spreading far beyond the producer's location.
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supply chain management (SCM) is in the Customer Relations & Services, Distribution & Logistics and Entrepreneurship, Management, & Leadership subjects.
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