Supply Chain Management (SCM) is the managing and controlling the supply chains (e.g., a source of raw material, fabrication or manufacture, logistics, expediting and inspection, end-user, and so on) effectively and efficiently to support the project and future business requirement.
Related Definitions in the Project: The Project Management; Procurement; Supply Chain Management; Logistics Management
Example Article of the Supply Chain:
Supply Chains Need $100 Trillion To Become Net-Zero By 2050 (Source: Oil Price on 28 October 2021): By Tsvetana Paraskova - Supply chains, which account for 80 percent of the world’s total carbon emissions, would require as much as $100 trillion of investment if they are to become net-zero emission by 2050, new research by HSBC and Boston Consulting Group (BCG) showed. BCG and HSBC teamed up to understand what it will take for global supply chains to most effectively transition to net zero. The analysis found that $100 trillion is needed, of which between $25 trillion and $50 trillion will need to be directed to small and medium-sized enterprises (SMEs). While separate organizations and companies are racing to pledge net-zero emissions across their operations, they have not done enough to address the indirect emissions from their suppliers, the paper noted. ...
