Question

________ is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer's customers.

Answer 1

Supply Chain Management  is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer's customers.

• The chance to boost sales by making sure the ideal product is available at the ideal moment. Integration of transportation middlemen, warehouses, stores, manufacturers, and suppliers into a seamless value chain.
• reduction of system-wide costs while providing the level of service that customers demand. More variety, fewer stock outs, lower transport and inventory holding costs, and higher ROI.

Supply Chain Management What Is It?

The management of a product's creation and flow, from sourcing raw materials to production, logistics, and delivery to the final consumer, is known as supply chain management (SCM).

What are the four supply chain stages?

The four components of the supply chain—integration, operations, purchasing, and distribution—work together to create a route to competition that is efficient.

Learn more about Supply Chain Management

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