FOR a COMPLETE LECTURE on the IMPORTANCE OF SUPPLY CHAIN MANAGEMENT, and more lectures on Supply Chain Management, visit: https://aims.education/importance-of-...
In the business world, efficient supply chain management is essential to success. A company's supply chain is the system that it uses to procure, produce, and distribute its products or services. In order to compete in today's global economy, businesses need to be able to quickly and efficiently adapt their supply chains to changing market conditions. Importance of supply chain management is growing in both retail and FMCG. Furthermore, they must be able to effectively manage the complex network of suppliers, manufacturers, logistics providers, and retailers that make up their supply chain. By streamlining their supply chains, businesses can optimize their production processes, reduce their costs, and improve their customer service. In short, effective supply chain management is essential to the success of any business.

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