Discuss what supply chain management is. (500 words)

- Chain supply management: in context. 
- Show examples of SCM that help businesses to achieve efficiency, coordination, and flexibility.
- Describe these main components – vendors, producers, storage facilities, transportation and retailers.
- Describe how integration and coordination among the different elements are achieved.
- SCM (Supply Chain Management) application will cover processes like sourcing, production, distribution, etc. until the end delivery.
- Offer real-life examples of companies that SCM was used to improve operational effectiveness.