Nature and Scope of Supply Chain Management

What is Supply Chain Management?

Supply Chain Management is a systematic and strategic management of the product from raw material to finished goods. SCM helps the company to maximise their productions. SCM is also called the art of management by providing the Right Product, At the Right Time, Right Place and at the Right Cost to the Customer.

Nature of Supply Chain Management

  • Supply chain management helps to manage daily activities such as demand management.
  • Supply chain management helps to manage activities such as day-to-day manufacturing operations.
  • Supply chain management helps to minimise the risks of damaging or losing of the product.
  • Supply chain management provides effective management to the company.

Scope of Supply Chain Management

  • Supply chain management improves productivity and minimise the cost of production.
  • Supply chain management improves customer satisfaction, that helps to increase profit.
  • Supply chain management provides on-time delivery fulfilment.
  • Supply chain management provides better cash management and order management.

Read More: Objective of Supply Chain Management


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