: Handling the return of defective or excess products and managing the recycling or disposal process. 🛠️ Essential Features for Effectiveness
At its simplest, a is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. SCM is the active management of those activities to maximize customer value and achieve a sustainable competitive advantage.
: Managing the physical movement of goods through warehousing and transportation to ensure timely customer fulfillment.
Most industry experts follow the framework established by the SCOR (Supply Chain Operations Reference) model, which breaks SCM down into five key stages: 1. Planning
Every successful supply chain relies on five essential operational stages:
