Why is supply chain management important?
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Answer / zh khan
Supply chain management is important to full fill the demand arise in market at appropriate time.
SCM also having important role to control the price in market
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Answer / chaitanya
Two main reasons – money and opportunity. In the US about 10 percent of gross domestic product, or almost $1 trillion, is spent on supply chain activities. Advances in information technology (IT) and the expanding IT infrastructure are introducing new possibilities to improve service and efficiencies, and given the amount of money at stake, the opportunities are high. Some people view the IT tools that underlie supply chain management as the backbone of e-commerce.
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