Supply Chain Management: Issues and Challenges
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Supply Chain Management (SCM) is the comprehensive oversight and coordination of a product's journey from raw material sourcing to final delivery to the consumer. It comprises the integrated planning and execution of processes including procurement, production, logistics, and distribution. Effective SCM aims to streamline operations, reduce costs, and enhance customer satisfaction by ensuring the right products are available at the right time and place. Key components include demand forecasting, inventory management, supplier relationship management, and logistics optimization. Modern SCM reli...
Supply Chain Management (SCM) is the comprehensive oversight and coordination of a product's journey from raw material sourcing to final delivery to the consumer. It comprises the integrated planning and execution of processes including procurement, production, logistics, and distribution. Effective SCM aims to streamline operations, reduce costs, and enhance customer satisfaction by ensuring the right products are available at the right time and place. Key components include demand forecasting, inventory management, supplier relationship management, and logistics optimization. Modern SCM relies heavily on technology and data analytics to enhance visibility, efficiency, and adaptability in responding to market changes. By fostering collaboration across the entire supply chain network, businesses can achieve a competitive advantage, mitigate risks, and improve overall operational performance. This book will also provide interesting topics for research which interested readers can take up. The various advancements in Supply Chain Management are glanced at and their applications as well as ramifications are looked at in detail. It will serve as a valuable source of reference for graduate and post-graduate students.
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