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Supply Chain Management (SCM) is the coordinated management of all activities involved in sourcing, procurement, production, and distribution of goods and services to ensure efficiency, responsiveness, and customer satisfaction. It integrates processes across different functions and organizations, making sure that materials and information flow seamlessly from suppliers to the final consumer. The primary activities and processes of supply chain management revolve around planning, sourcing, production, distribution, and return management, each of which contributes to overall efficiency and competitiveness. The first activity is planning, which sets the foundation for the entire supply chain. Planning involves forecasting demand, determining inventory levels, and deciding production capacity in line with market requirements. Accurate planning ensures that resources are allocated effectively, reducing both shortages and excess stock. Advanced tools such as demand forecasting models, sales and operations planning, and supply _____ _______ _______ ______ _________ ________ _________ ____ ___ _________ _____.
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