Question

Discuss the benefits and elements of supply chain management

Answer 1

Securing access to essential raw materials, components, supplies and services is a key benefit of supply chain management. Instead of dealing with suppliers on an ad hoc basis, companies negotiate long-term supplycontacts so they can be confident of obtaining the supplies they need to run their operations.

Answer 2

Securing access to essential raw materials, components, supplies and services is a key benefit of supply chain management. Instead of dealing with suppliers on an ad hoc basis, companies negotiate long-term supplycontacts so they can be confident of obtaining the supplies they need to run their operations.