What is the nature and scope of supply chain management?

The management of the flow of goods is supply chain management. It is defined as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally." It encompasses the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption, and interconnected or interlinked networks, channels and node businesses.