Supply Chain Management Online Quiz Help
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Supply Chain Management abbreviated as SCM is defined as the active streamlining of the supply – side activities of a business in order to maximize customer value and gain a competitive advantage in the market place. We get to know a lot of facts about Supply Chain Management from the Supply Chain Management Online Quiz Help. Supply Chain Management is mainly used in commerce where the SCM manages the flow of the goods and the services. SCM also involves the movement of storing the raw materials, the finished goods and also the work – in – process inventory from the point of origin to the point of consumption. Supply Chain Management Online Quiz Help has many more definitions of the Supply Chain Management. In order to develop and implement Supply Chains, the Supply Chain Management represents an effort by the suppliers that are as efficient and economical as possible which is given in Supply Chain Management Online Quiz Help.
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Importance of Supply Chain Management
The SCM has numerous importance in the commerce field. Some of the importance are enlisted in the Supply Chain Management Online Quiz Help. These are
• Supply Chain Management ensures the correct product assortment and quality to be delivered which the customers expect.
• Another importance of SCM is given in Supply Chain Management Online Quiz Help i.e. it decreases the purchasing cost and production cost.
• The SCM is also important as it decreases the use of large fixed assets.
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