Title: (Optional) Describe supply chain management.
Course: Entrepreneurship Infusion Unit > Section: Understanding Marketing Principles

Description should include

- defining supply chain management
- explaining each key phase of SCM
  - planning
  - sourcing
  - production/manufacturing
  - distribution
  - returns

- defining logistics
- explaining the supply chain process
- explaining the importance of understanding importing, exporting, trade agreements, and customs regulations for supply chain management.

Process/Skill Questions:

- What does supply chain management do for a business?
- What are the benefits of SCM?
- What are the problems or negatives of SCM?
- How is supply chain management practiced in different industries?
- Why is supply chain management important?
- What is the purpose of understanding supply chain management?
- How does SCM improve customer service?
- How does the supply chain process demonstrate multiple organizations contributing to the creation and sale of a product or service?
- Why would effective supply chain management lead to cutting excess costs?
- What is the role of the customer in the supply chain?
- Why is it important that the supply chain stays fluid?
- What are the benefits of different businesses in the supply chain?

Teacher Resources:

- FBLA Competitive Event: Supply Chain Management