The technique of coordinating the many activities required to create and distribute goods and services to a company's clients is known as supply chain management. Designing, farming, manufacturing, packaging, and transportation are all examples of supply chain activity.

Supply chain management is significant because it may help achieve a variety of corporate goals. Controlling manufacturing processes, for example, can improve product quality while lowering the risk of recalls and litigation and assisting in the development of a strong consumer brand. Controls over shipping procedures, on the other hand, can improve customer service by avoiding costly shortages or periods of inventory oversupply. Overall, supply chain management allows organizations to boost their profit margins in a variety of ways, and it is especially crucial for companies with big and multinational operations.

You can see the supply chain management example below:

Walgreens Boots Alliance Inc. recognized the relevance of SCM to its business and sought to improve its supply chain by investing in technology to streamline the entire process. The organization has been investing in and updating its supply chain management process for several years. Walgreens was able to strengthen its forecasting capabilities and better manage the sales and inventory management operations by leveraging big data.

Colin Nelson, the company's first Chief Supply Chain Officer, was hired in 2019. His role is to promote client happiness as the company's digital presence grows. In addition, it stated in 2021 that it would offer free two-hour, same-day delivery on 24,000 products in its stores.