What are the objectives of supply chain management?

Supply chain management (SCM) is a critical aspect of modern business operations, focused on the effective planning, coordination, and control of the flow of goods, services, information, and finances across a network of organizations involved in the production and delivery of products to customers. The primary objectives of supply chain management are as follows:

1. Cost Efficiency: One of the core objectives of SCM is to reduce operational costs across the supply chain. This includes minimizing transportation costs, inventory holding costs, production costs, and other expenses. Cost efficiency is crucial for improving overall profitability.

2. Quality Improvement: SCM aims to enhance product and service _____ ________ _________ ________ _______ ___ _______ ________.
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