Supply chain management- Integral flow

Supply Chain Management (SCM) involves all approaches used to efficiently integrate all
participants of a supply chain so that products/services are delivered to the customer in the
right quantities, to the right location, at the right time, and at optimal cost.
Supply chain management can be divided into three integral flows, namely the product flow, the
information flow, and the financial flow.

The Product Flow

SCM is responsible for ensuring that all company departments and processes involved in
product creation function cohesively, effectively, and efficiently, so that the final product
produced by the entire supply chain fits consumer requirements. Traditionally, marketing,
distribution, planning, manufacturing, purchasing departments, and other key players in along
the supply chain operate independently, each having their own objectives. However, since each
department is pivotal in product development, there is a need for a mechanism through which
these different functions can be integrated together.