BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Supply chain management (SCM) is the centralized management of the flow of goods and services and includes all processes that transform raw materials into final products. By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster and more efficiently.

Detailed explanation-2: -Easy Movement of Goods Through Supply Chain Management (SCM) Services. Supply chain management services can be defined as the management of the flow of goods and services from its source to destination. The process includes the transformation of final goods from raw material.

Detailed explanation-3: -SCM flows are divided into three main flows: Product flow – the movement of goods from the supplier to the consumer along with returns and other service requirements.

Detailed explanation-4: -Procurement includes sourcing, obtaining and paying for goods and services. Supply chain management also covers the logistics involved in obtaining goods, such as shipping and warehouse management, as well as transforming the procured goods into products and distributing them to customers.