Supply chain management is the process, where timing is crucial and every movement counts. Planning is the first step in the process, which establishes the framework. To make sure the correct items are available at the right time, businesses forecast trends, analyze market demand, and develop strategies.
The next step is sourcing, where alliances are formed. Choosing trustworthy suppliers is similar to selecting dependable partners, as raw materials must fulfill timelines and quality criteria. After sourcing resources, manufacturing becomes the focus. Here, concepts are shaped, and via demanding production procedures, raw materials become completed goods(finished products).
The products set out on their trip through logistics and delivery, now prepared to face the world. To get goods to customers, warehouses are managed, transportation routes are charted, and items are transported quickly. But that’s not where the narrative ends. In order to ensure sustainability and consumer pleasure, firms carefully handle product returns and recycling.