Supply chain management or SCM is a broad field of management activity, which comprises of a wide array of sectionalized activities join together at one and managed centrally with most of the activities decentralized. A great many students pursue MBA and PG Diploma courses on SCM, and in many other management courses, it is taught as one of the main subjects. As the subject matter is huge, the students get minimum time for their assignments on this subject. Balancing regular studies with assignment writing job sometimes seems impossible as time and energy are always limited. It is where the professional supply chain management assignment help from BookMyEssay makes a huge difference. We have created a team of high-class SCM writers who can provide expert supply chain management assignment help in solving any kinds of SCM assignments.

What is SCM?

International business is expanding every day, with the national companies crossing their respective economies and making goods available in other parts of the globe. The age-old concept of demand and supply has been changing drastically. Global firms are driven by markets across their national boundaries and even the continents. To reduce the manufacturing cost, these companies are interested in establishing their manufacturing plants in other countries where labor is cheap and skill of the laborers is suitable. In the similar fashion, they also look for raw materials from other regions where the required raw materials are available at lower prices. Authentic sourcing of raw materials and reliable vendors to supply the right quality, quantity raw materials at reasonable price necessitates dynamic procurement strategy that can expand beyond the local border.

When this is the actual scenario, it could be found that the companies acquiring materials from various vendors and supplying them to their factories situated in different parts of the world or at least in different locations within the national boundary.

Then comes the distribution network system, here again, the companies are crossing their local boundaries and using different distribution networks to sell their products in different markets as per their preference.

As a whole, managing all of these above activities in perfect coordination to manage demand and supply on a larger scale is called Supply Chain Management.

So, Supply Chain Management is the planning and management of all business processes and activities starting from procurement of raw materials to the distribution finished goods. So, it is clear that it involves all aspects of a business operation and required in-depth knowledge of the activities and working procedure of all departmental activities as also IT system so that they can work like a single unit.

Importance of SCM

SCM is the backbone to all business houses today. The effectiveness of SCM depends completely on the availability of raw materials, availability of products, right supply network, and IT system. SCM helps to fix a really effective strategy for any organization that is aiming big in future. So, the importance of SCM can be narrated as follows:

• It helps to boost customer service: Customers expect correct products at the right time. Availability of the expected product in the correct location is also important. SCM takes care of all these aspects in the market.
• It helps to reduce operating cost: Designing SCM in the correct way helps in procuring raw materials at lower prices, reducing duplicate jobs in the manufacturing process, and also reduces the cost of distribution.
• It helps to improve financial position: It increases profit leverage, increases cash flow, and decreases fixed assets.

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