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What are the different areas of supply chain management?

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Supply chain management involves several key areas that work together to ensure products or services are efficiently delivered to customers:

  1. Procurement: Finding and buying the necessary materials or services.

  2. Logistics: Managing transportation, warehousing, and distribution.

  3. Inventory management: Controlling and optimizing inventory levels.

  4. Demand forecasting: Predicting future customer demand.

  5. Supplier relationship management: Building strong partnerships with suppliers.

  6. Order fulfillment: Ensuring orders are processed and delivered on time.

  7. Production planning: Coordinating manufacturing processes and capacity.

  8. Supply chain strategy: Developing long-term plans and goals for the supply chain.

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

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