RTUComputer ScienceYr 2024 · Sem 62024

Q9E-Commerce and ERP

Question

2 marks

What is Supply Chain Management (SCM)?

Answer

SCM is the aggressive, end-to-end mathematical optimization of the physical flow of raw materials, manufacturing, and final product delivery to the consumer.

Supply Chain Management (SCM) architecture dictates the entire physical lifecycle of a product. It mathematically tracks the extraction of raw materials, shipping logistics to the factory, warehouse inventory optimization, and final retail distribution, violently minimizing financial waste and maximizing delivery speed.

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