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At present , Why supply chain management is important to most companies ?

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Question added by Eng Syed Zakir Imam , Procurement Manager , TESC Contracting
Date Posted: 2014/06/24
Naveen Babu Jahangir
by Naveen Babu Jahangir , IT Analyst III , Caterpillar India Pvt. Ltd

Supply Chain Management or SCM is the management of the flow of goods. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. A successful supply chain management project requires more than the implementation of a planning tool. Mainly it is an ERP solution which helps improving the supplyc hain management.

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