What is supply chain management?
Traditional supply chain management is an essential aspect of any business and
refers to the management of the flow of goods and services.
It is particularly important in the manufacturing industry and encompasses
everything from sourcing and procurement to logistics and inventory management.
Effective supply chain management can help manufacturers reduce costs,
improve efficiency and bring products to market faster, giving them a competitive advantage in the industry.
All of this combined makes for a manufacturer better equipped to meet customer demand.recently found that, of 400 manufacturers surveyed,
79% percent of organisations with superior supply chain capabilities achieved revenue growth that
is significantly above average while only 8% with lower performing supply chains achieved comparable growth.
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