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Companies must use Supply chain management to make supply chain decisions, because there is so much unpredictability in all supply chains.
What is Supply Chain Management?
- Supply chain management manages the flow of goods and services and includes all processes that transform raw materials into final products.
- By using supply chain management, companies can cut excess costs and deliver products to the consumer faster and more efficiently.
- The five most critical elements of supply chain management are developing a strategy, sourcing raw materials, production, distribution, and returns.
Learn more about Supply Chain Management here:
https://brainly.com/question/14464030
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Because there is so much unpredictability in all supply chains, companies must use Supply Chain Management to make supply chain decisions.
Supply Chain Management: What Is It?
- All procedures that convert raw materials into finished commodities are included in supply chain management, which controls the movement of both goods and services.
- Because all supply chains are inherently unpredictable, businesses must employ supply chain management to make decisions about their supply chains.
- Businesses can reduce unnecessary expenses and deliver goods to customers more quickly and effectively by using supply chain management.
- Creating a strategy, locating raw materials, production, distribution, and returns are the top five aspects of supply chain management.
Learn more about Supply Chain Management here:
brainly.com/question/14464030
#SPJ4
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