supply chain management
US /səˈplaɪ tʃeɪn ˈmænɪdʒmənt/
UK /səˈplaɪ tʃeɪn ˈmænɪdʒmənt/
1.
the management of the flow of goods and services, involves the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption
:
•
Effective supply chain management is crucial for reducing costs and improving efficiency.
•
Many companies are investing in technology to optimize their supply chain management processes.