Supply Chain Management

Definition of Supply Chain Management Hierarchical Category as it relates to Business, Business Administration

A field of study and work that encompasses the comprehensive oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer, often a key component of business administration and overall business operations. This discipline involves coordinating and integrating these flows within and among companies, with the end goal of enhancing customer value and achieving a sustainable competitive advantage.

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