Supply chain management (SCM) is the strategic coordination of all activities involved in the sourcing, procurement, conversion and logistics management of goods and services. It encompasses the planning and management of all activities involved in sourcing and procurement, conversion and all logistics management activities. Effective supply chain management ensures that products or services are delivered to the right place, at the right time, and in the right quantity, while minimizing costs and maximizing efficiency. It involves the integration of key business processes, from raw material acquisition to delivery to the end customer, and emphasizes the importance of collaboration and coordination among suppliers, manufacturers, distributors, and customers.