Post by account_disabled on Mar 13, 2024 1:15:23 GMT -7
Steps and processes involved in the movement of goods, materials, information and value from start to finish in the supply chain of a company or organization. Based on the Investopedia page , the supply chain includes various stages, from planning, procurement, production, storage, delivery, distribution, to after-sales service. Each stage in these supply chain activities contributes to efforts to ensure products or services are available to customers efficiently, on time, and at acceptable costs. The following are several main components of supply chain activities.
Supply Chain Planning The initial stage in supply chain activities involves strategic planning to determine needs, demands, and supply chain goals. This includes supplier selection, production Bulk Lead planning, and inventory strategy. . Procurement This activity involves procuring raw materials, components, or finished products from external suppliers. This procurement process must be efficient and of high quality to ensure the availability of the required materials. . Production Production is the step in which goods or services are created or produced according to demand and specifications.
Production processes must be optimized to avoid waste and meet quality standards. . Storage and Inventory Management This activity involves storing materials and finished products in warehouses or storage facilities. Effective inventory management is essential to avoid excess or shortage of inventory. . Distribution Distribution involves sending products from manufacturers to end customers or retailers. This includes transportation, delivery point management, and delivery management. . Customer Service After the product reaches the customer, supply chain activities also include customer service such as after-sales care, product maintenance, and handling customer complaints.
Supply Chain Planning The initial stage in supply chain activities involves strategic planning to determine needs, demands, and supply chain goals. This includes supplier selection, production Bulk Lead planning, and inventory strategy. . Procurement This activity involves procuring raw materials, components, or finished products from external suppliers. This procurement process must be efficient and of high quality to ensure the availability of the required materials. . Production Production is the step in which goods or services are created or produced according to demand and specifications.
Production processes must be optimized to avoid waste and meet quality standards. . Storage and Inventory Management This activity involves storing materials and finished products in warehouses or storage facilities. Effective inventory management is essential to avoid excess or shortage of inventory. . Distribution Distribution involves sending products from manufacturers to end customers or retailers. This includes transportation, delivery point management, and delivery management. . Customer Service After the product reaches the customer, supply chain activities also include customer service such as after-sales care, product maintenance, and handling customer complaints.