The initial stage of the supply chain process is the _____________.
Answers
Answer:
planning stage
hope it helps
Planning is the first step in the supply chain process.
In order to address how the products and services will satisfy the needs and desires of the customers, we need to create a plan or strategy.
Supply Chain Management:
Companies utilize a method called supply chain management to make sure that their supply chain is functional and efficient. A company's process for converting raw resources into finished goods is called a supply chain.
There are five fundamental elements of supply chain management:
1) Plan
Companies need to develop a strategy for handling all the resources needed for creating products and offering services.
2) Develop(Source)
Planning is followed by either developing or sourcing. In addition to developing a set of pricing, delivery, and payment procedures with suppliers, supply chain managers must also develop metrics for monitoring and enhancing their interactions.
3) Make
The creation of products that customers have requested is the third step in the supply chain management process.
4) Deliver
The delivery stage is the fourth stage. Here, the supplier delivers the goods to the client at the specified place.
5) Return
The return is the name given to the very last and final stage in supply chain management. During this phase, customers return damaged or defective goods to the provider.
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