Kat solutions | supplychain management solution
What is Supply Chain Management and Why is it Important?
Supply Chain Management (SCM) serves as the foundation of contemporary business operations. which deftly coordinates a variety of factors to ensure that products and services are delivered from the point of production to the final customer.
The COVID-19 pandemic and geopolitical disruptions underscored the critical role of supply chain management (SCM) in ensuring seamless global commerce. In 2020, 75% of U.S. companies faced SCM disruptions, impacting sales and leading to a 50% drop for a quarter of them (World Bank). Understanding SCM becomes critical to maintaining economic stability and cultural cohesion as we proceed in a post-pandemic era.
This article examines the vital elements of supply chain management (SCM), including procurement strategies, inventory control, logistics, and the most recent developments impacting global supply networks.
