how does the supply chain in a market leads to increase of prices
give answer in 50 words
Answers
Answer:
5 tips on how to improve supply chain efficiency with management solutions
Increase your supply chain's visibility.
Automate where it counts — and keep all necessary parts well-managed.
Engage your IT department.
Assess your training programs.
Implement a good project plan.
Answer:
Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.
KEY TAKEAWAYS
Supply chain management (SCM) is the centralized management of the flow of goods and services and includes all processes that transform raw materials into final products.By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster.