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supply chain management (SCM)

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In  commerce ,  supply chain management  ( SCM ), the management of the flow of  goods  and services, [2]  involves the movement and storage of  raw materials , of work-in-process  inventory , and of finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node  businesses  combine in the provision of  products  and  services  required by end customers in a  supply chain . [3]  Supply-chain management has been defined  [4]  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." [5] SCM practice draws heavily from the areas of  industrial engineering ,  systems engineering ,  operations management ,  logistics ,  procurement ,  information technology , and marketing  [6]  and strives for an integrated app