What does it mean to transform a company’s supply chain to meet future opportunities? Explain.
Expert Answer
Supply chain management is the movement of material and finances from suppliers, manufacturers, wholesaler, retailer and customer.
Importance of supply chain management:
Improves customer service: Customer are serviced timely with correct products. The product availability is near to the customer location and easily available for the customer.
Improve company profits: Efficient supply chain decreases warehouse and transportation cost for the company and help increase net profits.
Below are some of the future driven supply chain changes required to capture future opportunities:
Ability to plan and manage demand-supply
OR
PayPal Gateway not configured
OR
PayPal Gateway not configured