All Glossary Terms
Supply Chain Management
Maintenance definition:
Supply Chain Management (SCM) encompasses the planning, control, and execution of all activities involved in sourcing, procurement, conversion, and logistics management. SCM aims to optimize the supply chain to ensure the right product is at the right place, at the right time, and at the right cost, enhancing overall operational efficiency. In maintenance, SCM involves managing the flow of parts and materials to support timely and cost-effective maintenance activities.
