________ is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer's customers.

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22-08-2022
Business

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________ is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer's customers.

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tutorconsortium201 tutorconsortium201 · Answer 1 · 2022-08-25T21:34:49+02:00

Supply Chain Management is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer's customers.

The opportunity to increase sales by ensuring the right product is in the right place at the right time.
Efficient and effective integration of suppliers, manufacturers, warehouses, stores, and transportation intermediaries into a seamless value chain.
Minimization of system wide costs while satisfying the service levels their customers require. fewer stock outs, more variety reduced transport and inventory holding costs increased ROI.

What is Supply Chain Management?

Supply chain management (SCM) is the optimization of a product's creation and flow from raw material sourcing to production, logistics and delivery to the final customer.

What are the four 4 stages of supply chains?

Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.

Learn more about Supply Chain Management

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