A Supply Chain is a system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer. Supply chain activities transform natural resources, raw materials and components into a finished
product that is delivered to the end customer. Remember, Supply Chain is all about moving natural resources/raw materials into the finished goods to the right place, in right time, in right quantity, at right price and in right condition!

Supply Chain Management (SCM) is nothing but a way to manage your Supply Chain.

Supply Chain Management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies. Supply Chain Management is an integrating function with primary responsibility for linking major business functions and business processes within and across companies into a cohesive and high-performing business model. It includes all of the logistics manage