The acronym SCM stands for Supply Chain Management. It refers to the management of the flow of goods, information, and resources from raw materials to final consumers. SCM includes activities such as sourcing, production, and distribution, aiming to optimize operations and reduce costs. Effective SCM enhances collaboration between suppliers and manufacturers, ensuring timely delivery, quality control, and responsive customer service. In a globalized economy, SCM strategies are essential for maintaining competitiveness and achieving operational excellence.