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What Are The Advantages of Supply Chain Management?

Supply chain management is a technique used by manufacturing companies to improve how they source raw components needed for production by collaborating with many businesses focused on meeting customer demands. It contains five basic components: plan, source, make, deliver and return. Companies using SCM enjoy easier purchasing, lower costs, improved collaboration and cycle times.

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shraddha mehta
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92 views

What Are The Advantages of Supply Chain Management?

Supply chain management is a technique used by manufacturing companies to improve how they source raw components needed for production by collaborating with many businesses focused on meeting customer demands. It contains five basic components: plan, source, make, deliver and return. Companies using SCM enjoy easier purchasing, lower costs, improved collaboration and cycle times.

Uploaded by

shraddha mehta
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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What Are the Advantages of Supply Chain Management?

Supply-chain management (SCM) is a technique used in businesses that helps improve the way manufacturing companies find raw components needed for production of goods and services. SCM is a system that collaborates with many businesses with a focus on meeting customer demands. This system contains five basic components: plan, source, make, deliver and return. Companies using an SCM system enjoy easier purchasing activities, lower costs, improved collaboration and improved cycle times.

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