What Is Supply Chain Management?

Definition

Supply chain management is a huge deal. It's your responsibility to make sure you have enough products and materials to meet the demand of all your customers. You need supply chain management to ensure that everyone has what they need when they need it. Failure to do so can result in wasted time, lost resources, and unhappy customers. It's not easy knowing what it means to be a part of the supply chain management system let alone knowing how to implement it into your business! Here's a basic idea of supply chain management for dummies.