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Supply Chain Management Planning

oboloo Glossary

Supply Chain Management Planning

Supply Chain Management Planning in Procurement is an integral part of the procurement process. It helps organizations to make better decisions in terms of sourcing, manufacturing, and distributing goods and services. It involves setting strategic objectives such as cost management and sustainability goals, forecasting future demand, and determining the best sources and suppliers for materials and products. Further, it involves creating a detailed plan that maximizes efficiency by considering various constraints like availability, talent management, and risk. Ultimately, effective Supply Chain Management Planning in Procurement enables organizations to optimize their processes and reduce their operational costs.

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