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Benefits of Supply Chain Management

Some of the Benefits of Supply Chain Management are as follows. So let us check it out information on various benefits to know more about supply chain management. 

  1. Supply chain managment helps to lower the labour costs as well as procurement costs.
  2. The customer care service can be increased with the help of supply chain management.
  3. Supply chain management increases the brand awareness for business.
  4. It is also seen that supply chain managment helps to achieve better inventory control.
  5. By suppply chain management process better control over suppliers can be seen.
  6. Supply chain management is good for both business as well as for customers.
  7. The supply chain management increases capacity as well as capability or flexibility of the flow of goods.
  8. The process of supply chain management helps to enhance value of money and profitability to increase revenue.
  9. Supply chain management also increases the value of shareholder.
  10. The performance as well as profitability can be increased by supply chain management strategy.
  11. The cost of transportation, warehousing as well as packaging cost can be reduced by applying supply chain management process.
  12. Also find out advantages and disadvantages of supply chain management to know more about it.

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FIR is signed by the informer and a copy is given to the informer.

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