Tag: Understanding Supply Chain Management Basics

Supply Chain Management and its Drivers:

Supply-Chain

Abstract: The logistical drivers are facilities, inventory, and transportation. Inventory denotes all raw materials, WIP, and finished goods in a supply chain. On the other hand, transportation involves moving inventory from point to point. Information is data about facilities, inventory, transportation, costs, prices…

What are the objectives of a typical supply chain?

  Introduction: There are different parties involved in a Supply Chain such as manufacturer,marketer,suppliers,transporters,warehouses , retailers,customers etc. They are directly or indirectly involved in fulfillment of  the customer requirement. The main objective is to maximize overall value generated. They continually look for sources of revenue and cost.    Supply Chain…