Question about Strategic Goals
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What are the strategic goals of supply chain management and how does forecasting, planning, procurement, making, transportation, and distribution affect these goals?
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What are the strategic goals of supply chain management and how does forecasting, planning, procurement, making, transportation, and distribution affect these goals?
The strategic goals of supply chain management are two fold. The first is to reduce the cost through strategic partnerships with suppliers, reduction of the need to carry inventory, and ensure that the production process continues smoothly. The second strategic goals it provide fast, accurate, and low cost deliveries so that the customer value is increased.
Forecasting helps the strategic goals of supply chain by estimating the demand for different products and helps placing appropriate orders with suppliers.
Planning helps ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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