oboloo

oboloo Glossary

Importance Of Supply Chain Planning

oboloo Glossary

Importance Of Supply Chain Planning

Supply chain planning is the process of ensuring that all materials, information, and services needed to support the production and delivery of an organization’s products and services are sufficiently available when needed. Establishing a well-designed supply chain plan will help organizations improve their operational performance and business strategy. It can involve determining the choice of suppliers, pricing structures, delivery times, order sizes and quantities, lead times, and other factors that affect how efficiently a company’s supplies pass through its processes. Importance of supply chain planning in procurement lies in its ability to reduce costs, improve inventory control, increase efficiency, and make better use of resources. Planning also helps companies meet demand promptly and achieve greater customer satisfaction with their products or services.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971