Supply Chain Management is the process of efficiently managing the flow of goods, information, and finances as they move from suppliers to manufacturers to wholesalers to retailers and finally to consumers. It involves coordinating and integrating these flows both within and among companies. The main goal of supply chain management is to reduce costs, improve quality, and ensure timely delivery of products to meet customer demands effectively. By optimizing each step, businesses can enhance overall efficiency, reduce waste, and maintain a competitive advantage in the market.

In today’s globalized economy, supply chain management plays a critical role in ensuring that organizations can respond quickly to market changes and customer needs. It relies heavily on technology, such as automation, data analytics, and artificial intelligence, to track inventory, forecast demand, and manage logistics. A well-structured supply chain not only increases profitability but also promotes sustainability through better resource management and reduced environmental impact. Thus, supply chain management is a vital element in achieving business success and customer satisfaction in modern industries.