Define demonetization and reasons for its enactment

Demonetization occurs when a currency ceases to have legal tender. It occurs normally whenever there is a change of national currency, like in case of European Union when they move to Europe.

Supply chain management (SCM): Definition, Functions and Challenges

Supply chain management (SCM) represents the entire range of activities starting from arranging raw materials for the producers to the distribution of final produce products. It is a process of planning, implementing, and controlling the operations of the supply chain as efficiently as possible.