Supply Chain Management - Advantages

In this era of globalization where companies compete to provide the best quality products to the customers and satisfy all their demands, supply chain management plays a very important role. All the companies are highly dependent on effective supply chain process.

Let’s take a look at the major advantages of supply chain. The key benefits of supply chain management are as follows −

      Develops better customer relationship and service.

      Creates better delivery mechanisms for products and services in demand with minimum delay.

      Improvises productivity and business functions.

      Minimizes warehouse and transportation costs.

      Minimizes direct and indirect costs.

      Assists in achieving shipping of right products to the right place at the right time.

      Enhances inventory management, supporting the successful execution of just-in-time stock models.

      Assists companies in adapting to the challenges of globalization, economic upheaval, expanding consumer expectations, and related differences.

      Assists companies in minimizing waste, driving out costs, and achieving efficiencies throughout the supply chain process.

These were some of the major advantages of supply chain management. After taking a quick glance at the concept and advantages on supply chain management, let us take a look at the main goals of this management.