The planning, scheduling and control of the supply chain, which is the sequence of organizations and functions that mine, make or assemble materials and products from manufacturer to wholesaler to retailer to consumer. The driving force behind supply chain management (SCM) is to reduce inventory. Dr. Roger D. Blackwell, professor of marketing at Ohio State University and author of the best-selling book, "From Mind to Market," says it very succinctly. "Supply chain management is all about having the right product in the right place, at the right price, at the right time and in the right condition." See supply chain system and demand chain management.
supply chain management
Supply chain management is the overseeing of multiple businesses working to make or assemble goods and services.
An example of supply chain management is being in charge of food, drink and decor vendors to make sure they provide the right things at the right time to a particular restaurant.