Supply chain management is defined as the management of the flow of goods and services. It includes all the processes raw materials have to go through resulting in a final product. Supply chain management is incredibly crucial to businesses because it allows businesses to supply a product based on meeting the market demand. It decreases excess inventory and ultimately saves companies lots of money. Supply chains, however, are incredibly fragile for numerous reasons. A big reason, which we are seeing a lot of recently, are global shortages in lots are parts businesses need to build/ make their products. On top of that, supply chains are very sensitive to market changes, especially with inflation. Other variable causing supply chains to be considered “fragile” include (but are not limited to) factory closures, raising costs of importing and/or exporting, long wait times for deliveries, political issues, and so much more. As it relates to supply chain management, companies utilize RFID which stand for radio-frequency identification. RFID is incredibly benefificial for comapnies because it helps to improve inventory accuracy, provides data with asset management, company processes, and manufacturing equiptment. By giving companies a visual of their supply chain systen, it decreseases losses. 
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Hi Paige, I like how you went into detail on why supply chain management is important and what it is. Companies are able to utilize SCM in order to understand what products work. I also appreciate your input on RFID and how they are beneficial to SCM. The image shown also is a great aid for RFID uses and examples.
Paige,
Good post! I like how you explained what supply change management is and its importance to businesses I like that you noted how it is also fragile. That is not something I would have thought of, very insightful, thank you.
Hi Paige,
SCM is definitely one of the central components of a business, disruptions can cause for major issues whether it is excessive delays, price hikes, etc… Business is halted if companies able to produce their goods and services, resulting in economic downturn. I like how you tied in the usefulness of RFID chips to SCM.