<P> In commerce , supply chain management ( SCM ) , the management of the flow of goods and services , involves the movement and storage of raw materials , of work - in - process inventory , and of finished goods from point of origin to point of consumption . Interconnected or interlinked networks , channels and node businesses combine in the provision of products and services required by end customers in a supply chain . Supply - chain management has been defined as the `` design , planning , execution , control , and monitoring of supply chain activities with the objective of creating net value , building a competitive infrastructure , leveraging worldwide logistics , synchronizing supply with demand and measuring performance globally . '' SCM practice draws heavily from the areas of industrial engineering , systems engineering , operations management , logistics , procurement , information technology , and marketing and strives for an integrated approach . Marketing channels play an important role in supply chain management Current research in supply chain management is concerned with topics related to sustainability and risk management , among others , whereas the `` people dimension '' of SCM , ethical issues , internal integration , transparency / visibility , and human capital / talent management are topics that have , so far , been underrepresented on the research agenda . </P>
<P> In commerce , supply chain management ( SCM ) , the management of the flow of goods and services , involves the movement and storage of raw materials , of work - in - process inventory , and of finished goods from point of origin to point of consumption . Interconnected or interlinked networks , channels and node businesses combine in the provision of products and services required by end customers in a supply chain . Supply - chain management has been defined as the `` design , planning , execution , control , and monitoring of supply chain activities with the objective of creating net value , building a competitive infrastructure , leveraging worldwide logistics , synchronizing supply with demand and measuring performance globally . '' SCM practice draws heavily from the areas of industrial engineering , systems engineering , operations management , logistics , procurement , information technology , and marketing and strives for an integrated approach . Marketing channels play an important role in supply chain management Current research in supply chain management is concerned with topics related to sustainability and risk management , among others , whereas the `` people dimension '' of SCM , ethical issues , internal integration , transparency / visibility , and human capital / talent management are topics that have , so far , been underrepresented on the research agenda . </P>
organizations are linked in a supply chain by the exchange or flow of
organizations are linked in a supply chain by the exchange or flow of
goods and services
goods and services