<Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work - in - process inventory, and of finished goods from point of origin to point of consumption . Interconnected or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain . Supply - chain management has been defined as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally ." SCM practice draws heavily from the areas of industrial engineering, systems engineering, operations management, logistics, procurement, information technology, and marketing and strives for an integrated approach . Marketing channels play an important role in supply chain management Current research in supply chain management is concerned with topics related to sustainability and risk management, among others, whereas the "people dimension" of SCM, ethical issues, internal integration, transparency / visibility, and human capital / talent management are topics that have, so far, been underrepresented on the research agenda . </P> <P> In 1982, Keith Oliver, a consultant at Booz Allen Hamilton (now Strategy), introduced the term "supply chain management" to the public domain in an interview for the Financial Times . </P> <P> In the mid-1990s, more than a decade later, the term "supply chain management" gained currency when a flurry of articles and books came out on the subject . Supply chains were originally defined as encompassing all activities associated with the flow and transformation of goods from raw materials through to the end user, as well as the associated information flows . Supply chain management was then further defined as the integration of supply chain activities through improved supply chain relationships to achieve a competitive advantage . </P>

When was the term supply chain management introduced