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Supply chain management is the planning and control of the flow of goods. This includes any goods used as an input or output of a firm such as materials, components, work in process goods, finished goods, merchandise and supplies for maintenance and operations. Processes include the flow of goods through suppliers, manufacturing processes, transport, warehouses, retail locations, distribution partners and to end-customers. Supply chain management involves forecasting, planning, tracking, accounting and optimization of financial, inventory and flow processes. The following are common elements of supply chain management.
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