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In no less than one paragraph discuss the definition of Supply Chain Management and its role in a company's ability to compete effectively in the market.

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In no less than one paragraph discuss the definition of Supply Chain Management and its role in a company's ability to compete effectively in the market.
Answered Same Day Dec 23, 2021

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Robert answered on Dec 23 2021
102 Votes
In no less than one paragraph discusses the definition of Supply Chain Management and its role in a company's ability to
compete effectively in the market.
The entire process from raw-material purchase to distribution channel is defined as supply chain management. Selection
and management of optimal supply chain is crucial for success of any manufacturing organization. In the present world
supply chain has extended overseas and supply chain management has become a strategy for competitive edge. In
global supply chain management the raw-material is purchased at lowest price from some region and then processed in
some other...
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