Supply chain management is important because modern supply chains help to raise living standards by allowing people to purchase necessary goods at lower prices. This is due to the fact that an efficient supply chain streamlines the process of bringing items to market and, ultimately, to consumers.

Some of the most essential reasons of supply chain management are as follows:

• The requirements of life. Individuals have access to needs such as food and clothing, as well as life-saving medicines and health care goods, thanks to supply chain management.
• Light and power. Electrical energy is used in homes and businesses for lighting, heating, and air conditioning. The energy supply chain entails the conversion of raw materials into usable energy and employs supply chain management methods to deliver energy supplies to customers.
• Infrastructure. Interstate highway systems, railroads, ports, and airports make it easier for businesses and consumers to interchange commodities.
• Job opportunities . Supply chain management is crucial to employment generation. Transportation, warehousing, inventory management, packaging, and logistics information are all areas in which supply chain experts work.

When examining why supply chain management is vital, examine the consequences of an unsuccessful supply chain. A lack of raw materials, for example, can result in a company lacking the resources to develop a high-demand product. Scarcity of that goods can result in sudden price increases, affecting consumers.