Supply Chain Management definition: Supply chain management is the management of goods and survices also known as SCM. It start right from the manufacturing of goods and ends till it reaches to the ulitimate customers or to the particular organisation. It is very important for any organisation to ensure the smooth running of supply chain as it involves various complexities such as the delivery of product on time and at right place to the customers. It is process which is followed by step by step and each step is very important for proper supply chain management. It includes various factors which help in smooth running of supply chain which are as follows: Planning Planning help to reduce inefficency and wastage, which lead to economy in operations. Its main objective is to realise the business activities in the cheapest and best possible ma...