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What are the basic elements of a supply chain software application?
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There are four major elements of supply chain management: integration, operations, purchasing and distribution. Each relies on the others to provide a seamless path from plan to completion as affordably as possible.
What are the main functions of SCM?
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Supply Chain Management can be broken down into 3 main functions; product flow, information flow and financial flow.
Why do manufacturers use SCM?
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The goal of good supply chain management is to keep inventories down while ensuring that the speed of flow of the product through the chain is optimized. Supply chain management is the whole vertical management of a product from the extraction of its raw materials to its sale to the consumer.