Business Studies, asked by dipaswina3161, 10 months ago

Tips for maximising profit in supply chain simulation

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Answered by Anonymous

Answer:1.Think Globally but Act Locally. ...

2)Focus on Core Strengths and Outsource all other Activities. ...

3)Improve Collaboration Between Manufacturer/Supplier and Retailer for 4)Demand Data Driven Forecasting and Inventory Management. ...

5)Utilize Mobile-Based Technology. ...

6)Build a Responsive Supply Chain.

Supply chain partners must work together to maximize resource productivity, develop standardized processes, eliminate duplicate efforts, and minimize inventory levels. Such steps will help the organization reduce waste, drive out costs, and achieve efficiencies in the supply chain

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