Supply Chain Management - SCM

What Does Supply Chain Management - SCM Mean?
The management and coordination of a product's supply chain for the purpose of increasing efficiency and profitability.

Investopedia explains Supply Chain Management - SCM
Typically, SCM will attempt to centrally control or link the production, shipment and distribution of a product. By managing the supply chain, companies are able to cut excess fat and provide products faster. This is done by keeping tighter control of internal inventories, internal production, distribution, sales and the inventories of the company's product purchasers.