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Supply chain management is the process of keeping a check on the materials, information and finances as it gets in the hands of the wholesalers from supplier or manufactures and subsequently reaching to the retailer and customers. It involves coordinating and combining these flows within and among organizations. The primary objective of a supply chain management is to reduce the inventory, but a company also needs to be careful they dont run out of stock when needed.Companies are using some software systems in order to do an efficient supply chain management.Many web interfaces and web-based application service providers are competing in providing right supply chain management solution to the companies around the world.Supply chain management flows have three categories, those are given below.
Product flow: It includes the movement of products or services from supplier to the customers.
Information flow: This process involves the transmission of orders as well as updation of the
Finance flow: It includes the credit terms, payment schedule, consignment and the title ownership arrangement.
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