WHAT IS SUPPLY CHAIN MANAGEMENT (SCM)? Supply chain management (SCM)is the design and management of flows ofproducts, information, and funds throughout the supply chain Supply chain: the network of all entities involved in the producing and delivering a finished product to final customer This includes sourcing rawmaterials and parts, manufacturing, producing, and assembling the products,storing goods in warehouses, order entry and tracking, distribution, and deliveryto the final customer A typical supply chain may involve many different trading partners, calledstages These supply chain stages may include: - Suppliers - Producers - Wholesalers/Distributors - Retailers - Customers Every supply chain is different These stages may not present in every supply chain