What is Supply ChainManagement? Define it and explain why it is important. Provide examples.

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What is Supply ChainManagement? Define it and explain why it is important. Provide examples.
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Solution 1

Supply Chain Management is the process of managing the flow of goods, services, and information from the point of origin to the point of consumption. It involves the coordination and integration of various activities such as sourcing, procurement, production, logistics, and distribution.

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