What is SCM in a professional context?
What is SCM in a professional context?
The term SCM stands for supply chain management and encompasses the planning, control and optimization of all material, information and value flows within a company. Modern SCM approaches rely on digitalization, process analysis and cooperation along the entire supply chain. The aim is to increase efficiency, minimize risks and ensure quality. Typical focal points are
- Holistic view of value creation
- Coordination between purchasing, production and distribution
- Use of key figures for decision-making
Professional SCM makes a significant contribution to the competitiveness of companies.