Steps of Supply Chain Management: Optimizing Operations
The supply chain management process includes essential steps to ensure smooth and cost-effective operations. The primary steps are demand planning, sourcing, manufacturing, inventory management, logistics, and returns management. Demand planning helps businesses predict future needs, reducing overproduction or stock shortages. Sourcing involves selecting suppliers and negotiating contracts. Manufacturing ensures efficient production while maintaining quality. Inventory management helps balance supply and demand, while logistics handles transportation and warehousing.
Link: https://thousense.ai/blog/what....-are-the-5-essential
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