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What are the 5 key elements of Supply Chain management?

0 12 Views | Posted a year ago
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    Answered by

    Tasbiya Khan | Contributor-Level 10

    a year ago

    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.

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