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.
- 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.
Complete details on Advantages and Disadvantages of supply chain management