as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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briefly explain the importance of supply chain management.
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supply chain management is an important business practice that focuses on the efficient and effective management of the flow of goods and services from the point of origin to the point of consumption. it helps ensure that the right products are available in the right places at the right times and at the lowest cost. this in turn helps a business be more profitable and successful.
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