How Supply Chain Management Works
It is the link between production, shipment, and the distribution of a product. When effectively managed, companies are able to cut costs and make faster deliveries. In order to effectively work, it requires a synchronous effort through an organization.
The Strategy
The Source (of raw materials or services)
Manufacturing
Delivery & Logistics
The Return System
Good supply chain management keeps companies productive, helps the bottom-line, and minimizes risks & liabilities.