Supply Chain Management (SCM) is a crucial aspect of business operations that helps companies optimize their processes and minimize costs. Effective SCM allows companies to manage their resources efficiently, collaborate with suppliers and customers effectively, and minimize waste and risks in the supply chain. The COVID-19 pandemic has highlighted the importance of SCM, with disruptions in supply chains causing significant challenges for companies. To achieve effective SCM, companies need to adopt advanced technologies, such as automation, artificial intelligence, and analytics, to improve visibility, agility, and efficiency in their supply chain. SAP SE and Oracle Corporation are two leading providers of SCM solutions.
