The term "supply chain management" refers to the coordination and management of all activities

involved in the production and delivery of a product or service. This includes everything from sourcing
raw materials to delivering the finished product to the end customer. Effective supply chain
management is crucial for businesses to be competitive and profitable, as it can help to reduce costs,
improve efficiency, and ensure timely delivery of products or services. There are many different
strategies and techniques that can be used in supply chain management, including just-in-time inventory
management, vendor-managed inventory, and collaborative planning. However, supply chain
management can also be complex and challenging, especially in industries with long and complex supply
chains such as electronics and automotive.