What is SCM (supply-chain management)?
SCM is a broad term for managing the processes involved in delivering supplies to meet a given demand efficiently. This encompasses every part of the manufacturing process, including raw materials, work in process, inventory storage and finished goods. SCM focuses on the entire process of how these goods are produced and transported — from planning where and how they will be purchased, collected or mined; to where they will be assembled or developed; to the inventory that will be kept on hand; and finally, to the distribution channels for final sales. Is SCM the same thing as SCEM? SCEM (supply-chain event management) is the process of controlling all of the events that could disrupt a supply chain. SCEM helps companies analyze their risks and make contingency plans to solve potential issues before they arise. Managing a supply chain requires maintaining control over a broad spectrum of logistics and coordinating with partners that include suppliers, intermediaries, vendors and custome