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supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw materials can be developed into finished products and delivered to their end customers.
Supply-chain-management software
(SCMS) is the software tools or modules used in executing supply chain
transactions, managing supplier relationships and controlling associated
business processes.
Functionality of such a system includes:
- Customer requirement processing
- Purchase order processing
- Sales and distribution
- Inventory Management
- Goods reciept and warehouse management
- Supplier management / Sourcing
A requirement for such a system would be "Forecasting"