Are supply chain management strategies important?

4 Answers

PJ Stein Profile
PJ Stein answered

Of course they are. Supply chain management involves the oversight of goods from supplier to manufacturer to wholesaler to retailer to consumer. You don't want to waste money in this process. By being aware of all the things involved in the movement of the goods, you can keep costs down aloowing for a lower price to the consumer and a bigger profit for the companies.

Jordan Park Profile
Jordan Park answered

Supply chain management touches major issues, including the rapid growth of multinational corporations and strategic partnerships; global expansion and sourcing; fluctuating gas prices and environmental concerns, each of these issues dramatically affects corporate strategy and bottom line

Ani Mithra Profile
Ani Mithra answered

Supply chain management is a major player in product customization, quality control, cost reductions, and speed-to-market. Therefore, an effective supply chain management strategy is important to implement in order to have a smooth transition of products throughout your supply chain. Please [email protected] www.iiscm.org/

Answer Question

Anonymous