SCM consists of supply chain system along with supply chain management process to ensure ongoing process of logistics.
Supply Chain Management has evolved from manual, logistics- and mechanization-focused optimization to modern, digital, and automated integration and coordination of all supply chain elements. It plays a vital role in addressing the growing complexity of today’s global supply chains. Primarily, it facilitates and optimizes the flow of products, information, and finances, allowing companies to create better relationship value and improve overall business efficiency.
According to Management Experts there is a lot of scope for supply chain management (SCM) in India due to increasing uncertainty of supply networks, globalization of businesses, proliferation of product variety and shortening of product life cycles. Personalized content and services for customers add to the cause. The employability potential of graduates are very high here.