Supply Chain Management is the coordination and management of activities involved in the production and delivery of products and services.

• It involves the planning, sourcing, manufacturing, and deliver...read more

Supply Chain Management is the coordination and management of activities involved in the production and delivery of products and services.

• It involves the planning, sourcing, manufacturing, and delivery of products and services.

• 3P stands for Production, Preparation, and Process. It is a lean manufacturing tool used to optimize processes.

• Buffer Inventory is the inventory kept on hand to protect against unexpected demand or supply chain disruptions.

• Examples of supply chain management include inventory management, logistics, and procurement.

• Effective supply chain management can lead to cost savings, improved customer satisfaction, and increased efficiency.Supply Chain Management is the coordination and management of activities involved in the production and delivery of products and services.

  • It involves the planning, sourcing, manufacturing, and delivery of products and services.

  • 3P stands for Production, Preparation, and Process. It is a lean manufacturing tool used to optimize processes.

  • Buffer Inventory is the inventory kept on hand to protect against unexpected demand or supply chain disruptions.

  • Examples of supply chain management include inventory management, logistics, and procurement.

  • Effective supply chain management can lead to cost savings, improved customer satisfaction, and increased efficiency.

also known as safety stock, supply chain safety net, or contingency stock refers to a surplus of inventory that is stored