Fundamentals of a Efficient Supply Chain
An effective supply chain manages the inventory efficiently and has good coordination with logistics and suppliers. Inventory data should be shared to meet quicker replenishment of inventory according to customer demands. With accurate inventory data, goods can be delivered to the right place at the right time.
Higher Quality
The primary goal of all the individual supply chain components is to deliver the best value to the customer. Retailers are the ones who get customer feedback as they are the ones to interact with the customer. This feedback must be shared with the manufacturers to address any problems and encourage a win-win situation for all.
Few Supply Chain Companies (Entercoms, J.B. Hunt Transport, nVision Global )
Enable Financial Success
Cost efficiency must be improved by reducing inventory costs, minimizing labor expenses and decrease logistical costs to achieve financial success. Supply chain behaves like an engine to pull all major business units towards delivering value to their customers. Read More…
