Supply chain management (
SCM) is the management of the flow of goods and services. It includes the movement and storage of
raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node
businesses are involved in the provision of
products and
services required by end customers in a
supply chain. Supply chain management has been defined as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally."