Discuss the role of scm in production?

Question: Discuss the role of scm in production?

Supply chain management (SCM) plays a crucial role in production by ensuring that the necessary raw materials and components are available at the right time and place. SCM involves coordinating the flow of goods and information from suppliers to manufacturers to distributors to customers. In production, SCM helps to optimize inventory levels, reduce lead times, and minimize costs by streamlining the supply chain and improving communication between all parties involved. By managing the supply chain effectively, production processes can run smoothly and efficiently, resulting in faster production times, higher quality products, and increased customer satisfaction.

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