Supply chain management (SCM) is the active management of supply chain activities to maximize customer value and achieve sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. Supply chain activities cover everything from product development, sourcing, production, and logistics to the information systems needed to coordinate these activities. Many risks exist where 3rd part vendors are risks but can be controlled through active security and managing protocols that outline vendor relationships.
