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 involves
coordinating and integrating these flows both within and among companies.
It is said that the ultimate goal of any effective supply chain management
system is to reduce inventory (with the assumption that products are available
when needed). As a solution for successful supply chain management, sophisticated
software systems with Web interfaces are competing with Web-based application
service providers (ASP) who promise to provide part or all of the SCM
service for companies who rent their service.
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