Steps in a Supply Chain: From Raw Materials to Customers
The supply chain follows a sequence of steps to deliver products efficiently. The first step is demand planning, where businesses forecast market trends to ensure accurate production levels. Next comes sourcing, where companies acquire quality raw materials from suppliers. Manufacturing follows, where raw materials are processed into finished products. Inventory management ensures optimal stock levels for smooth operations. The logistics step handles storage, transportation, and distribution, ensuring timely deliveries.
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