Material management contains an integrated process of material flow with in,through & out side the organization. Discuss in detail?

Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies. It is said that the ultimate goal of any effective supply chain management system is to reduce inventory (with the assumption that products are available when needed). As a solution for successful supply chain management, sophisticated software systems with Web interfaces are competing with Web-basedapplication service providers (ASP) who promise to provide part or all of the SCM service for companies who rent their service.