Supply chain management
Generally, the management of value-added flows of materials, final goods, and related information among suppliers, company, re-sellers, and final consumers.
In international trade, this terminology often relates closely to ‘supply chain finance’.
Here, the buyer provides some assurance to the seller’s bank that an invoice is valid and will be paid on the due date.
This allows the seller to obtain cheaper finance, leveraging on the buyer’s balance sheet.