What Is Supply Chain Management?-dyyweb.com

What is supply chain management? Apr 08, 2023

What is supply chain management?

Traditional supply chain management is an essential aspect of any business and

refers to the management of the flow of goods and services.

It is particularly important in the manufacturing industry and encompasses

everything from sourcing and procurement to logistics and inventory management.

Effective supply chain management can help manufacturers reduce costs,

improve efficiency and bring products to market faster, giving them a competitive advantage in the industry.

All of this combined makes for a manufacturer better equipped to meet customer demand.recently found that, of 400 manufacturers surveyed,

79% percent of organisations with superior supply chain capabilities achieved revenue growth that

is significantly above average while only 8% with lower performing supply chains achieved comparable growth.

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