supply chain management (SCM)
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.
Popular 'Customer Relations & Services' Terms
supply chain management (SCM) in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/supply-chain-management-SCM.html
