Supply Chain Management

supply chain management(SCM) is the control of the supply chain as a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management does not involve only the movement of a physical product (such as a microchip) through the chain but also any data that goes along with the product (such as order status information, payment schedules, and ownership titles) and the actual entities that handle the product from stage to stage of the supply chain.

There are essentially three goals of SCM: to reduce inventory, to increase the speed of transactions with real-timedata exchange, and to increase revenue by satisfying customer demands more efficiently.

In computing, SCM typically is used in reference to software applications that enable more efficient management of the supply chain.

Vangie Beal
Vangie Beal
Vangie Beal is a freelance business and technology writer covering Internet technologies and online business since the late '90s.

Related Articles

@ Sign

Pronounced at sign or simply as at, this symbol is used in e-mail addressing to separate the user' name from the user's domain name,...

Munging

(MUHN-jing) Munging (address munging), is the act of altering an email address posted on a Web page to make it unreadable to bots and...

How to Create an RSS Feed

In the second installment of RSS how-to, we look at some of the nonrequired (optional) channel and item tags, discuss RSS specifications in-depth and...

Dictionary Attack

(n.) (1) A method used to break security systems, specifically password-based security systems, in which the attacker systematically tests all possible passwords beginning with...

ScalaHosting

ScalaHosting is a leading managed hosting provider that offers secure, scalable, and affordable...

HRIS

Human resources information system (HRIS) solutions help businesses manage multiple facets of their...

Best Managed Service Providers...

In today's business world, managed services are more critical than ever. They can...