What is supply chain management?

Question

Accepted Answer

Supply chain management involves overseeing the flow of goods, information, and finances from production to consumption.

Involves coordination between suppliers, manufacturers, and retailers.
Examples include managing inventory levels to meet customer demand.
Utilizes technology for tracking shipments and optimizing routes.
Focuses on reducing costs while improving service levels.
Involves demand forecasting to align production with market needs.

Accepted Answer

Supply chain management is the coordination and management of activities involved in the production and delivery of products and services.
It involves planning, sourcing, manufacturing, and delivering products to customers.

It aims to optimize the flow of goods and services, minimize costs, and improve efficiency.

It includes managing relationships with suppliers, distributors, and customers.

Examples include inventory management, transportation logistics, and demand forecasting.

Effective supply chain management can lead to increased customer satisfaction and profitability.

Accepted Answer

Supply chain management is the coordination and management of activities involved in the production and delivery of product and services.

Accepted Answer

Supply chain management includes all activities that turn raw materials into finished goods and put them into customers' hands. This can include sourcing, design, production, warehousing, shipping, and distribution. The goal of SCM is to improve efficiency, quality, productivity, and customer satisfaction.

Accepted Answer

I would sell garbage at less than 20% of the market price or other sellers for standing in the market

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What is supply chain management?

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