Elements Of Supply Chain Management

Elements Of Supply Chain Management

Elements Of Supply Chain Management

oboloo’s Glossary

Elements of supply chain management encompass the planning and management of all activities related to the flow and transformation of goods from the point of origin to the point of consumption. These include processes such as sourcing and procurement, production, inventory management, warehousing, transportation and distribution, customer service, and returns management. By strategically managing these elements, organizations can successfully deliver products and services to their customers while also reducing costs. Additionally, by understanding how each element impacts the supply chain as a whole, companies can realize increased efficiency and productivity at all levels.