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.