Supply chain management refers to

the integration and organization of information and logistical activities that

actively bring consumers together with sellers through the express use of agents

and brokers.

an inventory management system that is designed to reduce the retailer's lead

time for receiving merchandise, which then lowers a retailer's inventory

investment, improves customer service levels, and reduces logistic expenses.

the integration and organization of information and logistic activities across

firms for the purpose of creating and delivering products and services that

provide value to ultimate consumers.

organizing the cost$-$effective flow of raw materials, in$-$process inventory, finished

goods, and related information from point$-$of$-$origin to point$-$of$-$consumption to

satisfy customer requirements.

a highly organized system that facilitates minute$-$to$-$minute communication

between all members of a supply chain and ensures the producer is aware of any

changes in delivery or demand for a product or service.