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Advantages of GSCM

Some of the Advantags of GSCM are as follows. So let us find out some information on supply chain management to know more about it. 

Advantages of GSCM are as follows:

  1. Enhance speed as well as efficiency.
  2. GSCM also reduce cycle time.
  3. Diversified trading as well as business.
  4. Untapped markets
  5. GSCM allows business to reduce dependence on their national as well as local economies.
  6. As they enter into more market the potential for expansion for business increases.
  7. Now a days internet users keeps on increasing day by day, global business can be 24*7 and 365 days a year, with any type of consumers all over the globe.
  8. When business goes global, chances of profit and sales increases as more customers are available.
  9. One of the important reason for any business to exist is increase in profit as well as sales.
  10. Cost of supply chain lowers in GSCM
  11. Competitive advantages can be seen in GSCM.
  12. You might also like Advantages & Disadvantages of Supply chain management

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Advantages And Disadvantages of Supply Chain Management

Some of the Advantages And Disadvantages of Supply Chain Management are listed below. So let us check it out some information on advantages and disadvantages to know more about supply chain management. It is the management of flow of services as well as goods and includes all intermediate processes that transform raw materials to final products.Supply chain mangement  consist of broad range of activities which is required to control, plan and execute a product's flow.

Supply Chain Management Definition, Advantages and Disadvantages

Definition of Supply Chain Management

Supply Chain management can be considered as an effective tool for improving business process. It starts with the source of supply and competes at the point of consumption. Supply chain management is a flow of information and materials from suppliers which involves number of value added process and different distribution channels to the customers. 

Supply chain management involves :

What are the Pros and Cons of Supply Chain Management ?

Some of the Pros and Cons of Supply Chain Management are listed below. So let us find out brief information on pros and cons to learn more about supply chain management. It is the management of flow of services and goods and includes all types of process that transforms raw materials into final products. So  check out advantages and disadvantages of Supply Chain Management discussed below.