Process of supply chain management and why is it important
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Supply chain management comprises of a very detailed system used by large and small companies to get their products to end users (consumers). A well organised supply chain management system helps ensure functionality to be fast and efficient.
This process serves to generate cost reduction and create greater operational efficiencies within the organisation. It also gives the company an edge over their competitor.
The process involves the the flow of goods and services, further involving the movement and storage of raw materials, work-in-process inventory, and of finished goods from point their raw state to the end consumers.
This process serves to generate cost reduction and create greater operational efficiencies within the organisation. It also gives the company an edge over their competitor.
The process involves the the flow of goods and services, further involving the movement and storage of raw materials, work-in-process inventory, and of finished goods from point their raw state to the end consumers.
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