Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply Chain Management in E-commerce. Supply chain management involves coordinating and integrating these flows both within and among companies. A supply chain strategy is an essential aspect of supply chain management, seeks to design a firm’s supply chain to meet the competitive priorities of the firm’s operations strategy. This confirms the fact that a successful and productive supply chain can increase the bottom line of any industry. Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Objectives of SCM A well designed SC is expected to support the strategic objectives of:- 1. Supply chain management is necessary for helping the movement of goods and services flow smoothly. Importance of Supply Chain Management. Solving supplier’s problems and beyond his level. The main importance of Supply Chain Management are:-REDUCE OPERATING COSTS Supply Chain Management - Definition and importance of its strategies Definition of Supply Chain Management If you go to a Supermarket and pick up a few items off the shelf from electronics and white goods or even clothes and look at the labels, the chances are that you will find them having been manufactured in China or Mexico. They can develop coherent strategies and make data-driven decisions to improve supply chain performance and, in doing so, improve organizational profitability. 3. 2. Importance of supply chain management: ... and flow of information is processes and its outcomes received along with protection of intellectual property are important part in a supply chain strategy. Supply chain management in e-commerce focusses on procurement of raw material, manufacturing, and distribution of the right product at the right time. Supply chain management involves coordinating and integrating these flows both within and among companies. 4. 1.1 Explain the importance of effective supply chain management in achieving your organizational objectives. In other words, Supply chain is an integration of all value-creating elements from raw material extraction to the end of consumption by end user. Leaders have to put in place strategies to create a sustainable supply chain management strategy which will support the overall operations of the organization to achieve such competitive advantage, . Reducing Costs and Improving Savings Purchasing has a direct impact on two of the most important factors that drive a … Supply chain and value chain are sometimes used interchangeably.