oboloo Glossary

Planning Supply Chain

oboloo Glossary

Planning Supply Chain

Planning Supply Chain in procurement is the process of assessing and analyzing current inventory, estimating future demand and devising strategies to bridge the gap between supply and demand. It requires skillful maneuvering of all aspects of the supply chain to meet business objectives; from sourcing raw materials and obtaining adequate supplies at the right time, to managing distribution systems and optimizing warehouse capacity. In short, planning supply chain in procurement allows organizations to reduce costs while increasing operational efficiency.