Management !exclusive! — Fundamentals Of Supply Chain

Consumers increasingly demand ethically sourced and environmentally friendly products. SCM is the tool used to track carbon footprints and ensure fair labor practices.

Why is SCM critical to a business's bottom line? fundamentals of supply chain management

Often called "logistics," this is the coordination of orders, warehousing, and transportation to get the product to the customer. Often called "logistics," this is the coordination of

The future of supply chain management is exciting and rapidly evolving. With the advent of technologies such as artificial intelligence, blockchain, and the Internet of Things (IoT), supply chains are becoming more efficient, agile, and responsive. Some of the trends that will shape the future of supply chain management include: Some of the trends that will shape the

This is the "reverse logistics" process. It involves creating a streamlined process for receiving defective or excess products back from customers. A robust return process is vital for customer retention and sustainability (recycling, refurbishing).

Imagine a whip. A small flick of your wrist (the customer) creates a massive, violent snap at the tip (the factory).

The fundamental solution is information sharing . If the factory knew the customer only bought 2 bottles (not 20 cases), they wouldn't overproduce. This is why Walmart and Procter & Gamble share real-time POS (Point of Sale) data.