Supply Management is the process of overseeing and controlling the flow of goods and services from suppliers to customers. It involves planning, sourcing, and purchasing materials needed for production, ensuring that the right products are available at the right time and place. Effective supply management helps businesses reduce costs, improve efficiency, and maintain quality. Additionally, Supply Management includes managing relationships with suppliers and monitoring inventory levels. By analyzing market trends and demand forecasts, companies can make informed decisions about when to order supplies and how much to keep in stock. This strategic approach helps organizations respond quickly to changes in the market.