Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how to responsd to the following: - Hello Caniche, I wanted to discuss a little more in detail the objectives of supply-chain management (SCM). The

how to responsd to the following: - Hello Caniche, I wanted to discuss a little more in detail the objectives of supply-chain management (SCM). The main objectives of SCM are: 1. Cost reduction: One of the primary goals of SCM is to minimize the total cost of the supply chain while maintaining the desired level of quality and service. This includes reducing costs related to procurement, production, inventory, transportation, and distribution. 2. Improved efficiency: SCM aims to streamline processes and optimize resource utilization across the supply chain. This involves eliminating wasteful activities, reducing lead times, and improving productivity. 3. Enhanced customer satisfaction: By ensuring the timely delivery of high-quality products and services, SCM seeks to meet or exceed customer expectations. This involves understanding customer needs, providing excellent customer service, and being responsive to changes in demand. 4. Increased agility and flexibility: Supply chains must be agile and flexible to adapt quickly to changes in market conditions, customer requirements, and supply disruptions. SCM focuses on building a resilient supply chain that can respond effectively to these challenges. 5. Better collaboration and communication: SCM promotes collaboration and information sharing among all stakeholders in the supply chain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Systems Approach To Planning Scheduling And Controlling

Authors: Harold Kerzner

12th Edition

1119165350, 9781119165354

More Books

Students also viewed these General Management questions

Question

What are the HR forecasting techniques?

Answered: 1 week ago

Question

Define succession planning. Why is it important?

Answered: 1 week ago

Question

Distinguish between forecasting HR requirements and availability.

Answered: 1 week ago