Earlier the traditional supply chain model was based on a push based strategy where the manufacturers produced the goods and pushed them through the supply chain without receiving any proper feedback and information regarding any requirements or specifications. In that process, there was often some gaps between the supply and demand which led to either […]Continue Reading... No Comments.
Supply chain has the following four main functional components 1. Demand Planning Demand Planning is used to predict the demand of products and services based on forecasts carried away by the management. Proper demand planning helps to utilize the supply chain links in the best possible way which leads to improved customer services and lower […]Continue Reading... No Comments.
Supply Chain includes all activities and processes to procure all the raw materials from all the suppliers and deliver the end-products or services to the final consumers. Often it includes more than one company in whole chain including the suppliers, distributors etc. Basic Features of Supply Chain The supply chain is the series of links […]Continue Reading... No Comments.