Meaning of the word "supply chain management" in English
What does "supply chain management" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
supply chain management
US /səˈplaɪ tʃeɪn ˈmænɪdʒmənt/
UK /səˈplaɪ tʃeɪn ˈmænɪdʒmənt/
Noun
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
Example:
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Effective supply chain management is crucial for reducing costs and improving efficiency.
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Many companies are investing in technology to optimize their supply chain management processes.
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