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Value Creation in the Supply Chain

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. 

  1. Supplier can reduce the cost of handling transactions.
  2. Suppliers can reduce errors in entering transaction data.
  3. Suppliers can share information about defect types and rates.
  4. Suppliers can increase the speed of processing transactions.
  5. Suppliers can provide drawings and specifications more efficientyly.
  6. Suppliers can receive rapid notification of product design changes and adjustments.
  7. Suppliers can share information about customer demand fluctations.

Disavantages:

  1. The cost of the technologies used during supply chain.

Complete details on Advantages and Disadvantages of supply chain management

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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.

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.