What are the 5 key elements of Supply Chain management?
Asked by Shiksha User
-
1 Answer
-
Planning, acquiring raw materials, production, delivery, and returns are the five main components of supply chain management. The planning phase relates to defining an overall supply chain strategy, whilst the other four sections specialise in the critical requirements for carrying out that plan. To maintain an efficient supply chain and prevent costly bottlenecks, businesses must have expertise in all five areas.
Related Questions
Taking an Exam? Selecting a College?
Get authentic answers from experts, students and alumni that you won't find anywhere else
Sign Up on ShikshaOn Shiksha, get access to
- 64k Colleges
- 968 Exams
- 621k Reviews
- 1500k Answers