The-definition.com

Definition

Supply Chain Management

Supply chain management is the coordination of the flow of all information, money, and material that moves through a product’s supply chain. The more efficiently an organization can manage its supply chain, the more effectively its entire business model will perform.

In marketing, managing upstream and downstream value-added flows of materials, final goods, and related information among suppliers, the company, resellers, and final consumers are known as Supply chain management.

Supply chain management— A cross-functional approach to procuring, producing, and delivering products and services to customers. 


Supply chain management is the behind the scenes coordination of the distribution channel to deliver products efficiently to customers. This process is also called integrated logistics.

Share it:  Cite

More from this Section

  • Cable modem
    A special purpose networking device that permits a computer to send and receive networking ...
  • Switching Costs
    Switching costs are the fixed costs that buyers encounter when switching or charging from ...
  • Experience curve
    The drop in the average per-unit production cost that comes with accumulated production ...
  • Integrated marketing
    Integrated marketing occurs when the marketer devises marketing activities and assembles ...
  • Reference groups
    Reference groups refer to all the groups that have a direct (face-to-face) or indirect ...