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About Being A Part of A Supply Chain
1) A supply chain consists of all the organizations and activities involved in producing and delivering a product, from raw materials sourcing through manufacturing and distribution to the end consumer. It includes information flow, material flow, and cash flow between suppliers, manufacturers, warehouses, and stores. 2) There are five basic processes in a supply chain - planning, procurement, manufacturing, delivery, and possible returns. Planning guides the other processes and aims to maximize availability while minimizing inventories and fulfilling delivery promises. 3) Demand forecasting, which informs supply chain planning, analyzes trends, cycles, seasons, and random fluctuations in historical demand data. Qualitative, causal, and time series methods are used to predict future demand
Detailed Information
| Author: | ['Huyen Do'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 4 |
| Language: | English |
| Format: | |
| Price: | FREE |
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