SCM is an outgrowth of Porter's concept of the "value chain."

Question

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SCM or supply chain management is an extension of Porter's value chain concept. It involves the coordination and management of all the activities involved in delivering a product or service from its raw materials to the final customer. SCM is concerned with optimizing the efficiency and effectiveness of the entire supply chain, including suppliers, manufacturers, distributors, retailers, and customers.

SCM Is an Outgrowth of Porter's Concept of the "Value