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Efficient Supply Chain Management

oboloo Glossary

Efficient Supply Chain Management

Efficient Supply Chain Management is the strategic management of the flow and storage of goods, services, and related information between a business and its suppliers, customers, and other stakeholders. It involves optimizing the organization’s existing networks to create value-driven processes that achieve the best outcomes in terms of customer service, cost optimization, risk mitigation, and competitive advantage. Efficient Supply Chain Management requires an integrated approach which considers all aspects of supply chain operations including logistics, inventory control, procurement, transportation, warehousing, and more. By taking this holistic view, companies can ensure their supply chains are delivering the highest value from end to end.

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