How to effectively manage your supply chain.
Summary
Supply Chain Management is the control of all suppliers working on a project. There are 4 main sections of Supply Chain Management: procurement, operations, distribution, and integration.
What is Supply Chain Management, What Role Does It Play, and Who Needs It?
Why is Supply Chain Management Important?
Effective Supply Chain Management can significantly cut down time and resources, while poor SCM can lead to lower quality, costly delays, increased risk, and even legal repercussions. This highlights why organisations must diligently monitor and control their supply chains at each stage. Depending on the industry, certain levels of Supply Chain Management might be mandated by law, particularly in areas concerning health and safety, to mitigate risk.Who Benefits from Supply Chain Management?
How do you Improve Supply Chain Management?
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