Supply Chain Management (SCM) encompasses the strategic coordination of business processes to achieve efficient operation of supply networks. This category is pivotal in optimizing logistics, inventory management, and procurement to enhance customer satisfaction. Distinctive features include real-time data analysis and integrated technology systems. SCM's relevance is underscored in sectors like manufacturing and retail, fostering streamlined operations. Challenges include mitigating risks and managing complexities across global networks. With emerging trends like AI and blockchain, SCM evolves continually, promising innovative solutions.
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