Engenharia e Gestão Industrial

The Crucial Role of Supply Chain Management in Modern Business

Abstract

Adam Blake

Supply Chain Management (SCM) plays a pivotal role in modern business operations by orchestrating the flow of goods, services and information from raw material suppliers to end consumers. It encompasses a range of activities including procurement, production, logistics and distribution. Effective SCM ensures cost efficiency, timely delivery, quality control and responsiveness to market demands, thereby enhancing competitiveness and customer satisfaction. This abstract highlights the critical importance of SCM in facilitating seamless coordination and optimization across interconnected networks of suppliers, manufacturers and distributors in today's dynamic business environment.