Total Quality Management
Supply Chain Management (SCM) is the coordination and management of activities involved in the production and delivery of a product or service, encompassing all movement and storage of raw materials, work-in-progress inventory, and finished goods from point of origin to point of consumption. It integrates information flow, material flow, and financial flow to meet customer requirements, increase efficiency, and reduce operational risk. SCM is a critical component of business strategy as it impacts quality control, profitability, and competitiveness. Effective SCM requires collaboration between departments, suppliers, and customers, leveraging technology and data analytics for visibility and decision-making.
External Links
- [TotalQualityManagement.com]
- [tqpm.net] Total Quality Property Management