Chapter 9, Logistics and Transportation Management at LG Electronics, CASE STUDY QUESTIONS, Exercise 1

Supply chain management is the administration of the progression of merchandise and ventures and incorporates all processes that change crude materials into final outcomes. It includes the active streamlining out of a business' supply-side exercises to boost client worth and gain a competitive benefit in the marketplace.

SCM implies overseeing costs at each progression and conveying products to buyers as fast as could reasonably be expected. It expects that each product that is available to be purchased exists in view of the different members in the supply chain.