ECONOMICS

Detailed explanation-1: -In supply chain management, logistics are responsible for the movement and storage of goods and services, along with the documents and reports that record those movements throughout an item’s journey to the customer.

Detailed explanation-2: -Supply chain management professionals play a role in all kinds of organizations – manufacturers, retailers, transportation companies, third party logistics firms, government agencies and service firms. Firms from around the world in all sectors of the economy recruit SCM graduates.

Detailed explanation-3: -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-4: -Its role is to provide a steady supply of goods to the market to fill the temporal gap between producers and consumers. It also plays an important role in maintaining quality at warehouses and logistics centers and value of products.

Detailed explanation-5: -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.