Question

Describe supply chain management along with its impact on business.

Answer 1

Explanation:

Supply Chain Management:

Supply chain management is the one of the most important function of business that focus on active aligning of supply activities that will enable greater customer service and satisfaction and give company an advantage over another companies. It will cover all the activities like production to product development. SCM will look for and handle function of production, transport and distribution of the company product. Supply chain management is the function where company can control the cost for the production and done that by controlling this whole function, it is the function where company can cut the cost and maintain a competitive advantage over all other.

Impact on business:

• In today’s world the SCM is the important function that can bring business to many company and can benefit from it as well. It’s the function that can help you reduce the cost overall and give you edge over your competitors. Supply Chain Management design the supply chain of the product and it could be most vital for success for the business. Supply chain management is essential in providing best customer service which can be game changing for business.