Effective SCM requires the use of a number of tools and techniques, including supply chain planning, logistics and transportation management, inventory management, and supplier relationship management. In recent years, advances in technology have enabled organizations to better manage their supply chains. Supply chain management (SCM) is a critical component of modern business operations, encompassing the processes, tools and techniques used to manage the flow of goods, services, and information from the point of origin to the point of consumption. At its core, SCM aims to ensure that products and services are delivered to customers on time, at the right price, and to the required quality standards.
