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Supply Chain Benefits and Drawbacks

Some of the Benefits and Drawbacks of supply chain are as follows. So let us find out information on supply chain management to know more about it. 

Benefits of Supply Chain

  1. Supply chain reduces holding costs.
  2. Quick response can be observed in supply chain.
  3. Fewer parts and simpler ordering process in supply chain.
  4. Higher quality at reduced cost.
  5. Easy to match supply and demand.

Drawbacks of Supply Chain

  1. Sometimes loss of control during supply chain is observed.
  2. Sometimes less variety is noticed during supply chain.
  3. Sometimes traffic congestion increased costs.
  4. Supply chain may not be feasible always in different products supply. May need to absorb functions.
  5. Sometimes during supply chain coordination increases lead to increased costs.

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Advantages and Disadvantages of International Trade

Check out Advantages and Disadvantages of International Trade discussed below. So let us find out some information on advantages and disadvantages to know more about International Trade. It is a trade between nations in the form of imports as well as exports. International trade can be considered one of the important souce of revenue in the developing countries. Trade between countries is the exchage of both services and goods among the countries of the world economy.