Do you remember the toilet paper crisis of 2020? Empty shelves, anxious buyers, and a sudden realization that an ordinary roll we took for granted had become a valuable item. This event brought to light not just another vulnerability of supply chains but also the fact that they could change our daily lives. Nevertheless, it was also a testament to how strong a well-run and efficient Supply Chain can be as an advantage over competitors.

Supply Chain Management (SCM) is the strategic coordination of all activities involved in the production and delivery of a product or service, from the sourcing of raw materials to the final sale to the customer. It includes several roles, such as purchasing, manufacturing, transportation, warehousing, and customer service. There is an array of Free Online Supply Chain Management Courses to update knowledge and stay on top in today’s fast-changing world of business. However, before we do that, let us find out why Supply Chain Management has become such an important thing for the current businesses.