Points related to value creation in the supply chain are as follows. So let us find out some information related to supply chain management to know more about it. Also check out Advantages as well as disadvantages of supply chain management.
- Supplier can reduce the cost of handling transactions.
- Suppliers can reduce errors in entering transaction data.
- Suppliers can share information about defect types and rates.
- Suppliers can increase the speed of processing transactions.
- Suppliers can provide drawings and specifications more efficientyly.
- Suppliers can receive rapid notification of product design changes and adjustments.
- Suppliers can share information about customer demand fluctations.
- The cost of the technologies used during supply chain.