What are the four components of supply chain management?

Question

What are the four elements of supply chain management?

Answer 1

The following are the four main elements of supply chain management:

Planning - This includes creating a strategy for the supply chain

Sourcing  - This includes identifying and selecting suppliers who can deliver the required materials according to needs.

Making  - This includes production, assembly, or other operations.

Delivering  - This includes handing over the finished good or service to the client.

Check out this Supply Chain Management Course to learn more about the concepts of  logistics and supply chain management.