Advantages of Supply Chain Management

[abhishreshthaa]

Advantages of Supply Chain Management:-


 To Consumer/ Customer


1. Improved Customer Service through fewer shortages

2. Improved product cost.

3. Better delivery performance.

4. Quicker response to change in demand.

5. Optimal purchase cost due to possibility of long term purchase contracts.



 To the Company

1. Reduction in tied-up capital and administrative costs due to reduction or elimination of inventory at all levels.

2. Reduction in time and money cost through production line stoppage.

3. More flexibility in planning.

4. Sustained growth of sales and company business.

5. Increased shareholders value.

 

[GVN2011]

Thank U

 

[jitenmazee]

Advantages of Supply Chain Management:-


 To Consumer/ Customer


1. Improved Customer Service through fewer shortages

2. Improved product cost.

3. Better delivery performance.

4. Quicker response to change in demand.

5. Optimal purchase cost due to possibility of long term purchase contracts.



 To the Company

1. Reduction in tied-up capital and administrative costs due to reduction or elimination of inventory at all levels.

2. Reduction in time and money cost through production line stoppage.

3. More flexibility in planning.

4. Sustained growth of sales and company business.

5. Increased shareholders value.

Hey abhi, as you mentioned that there are many advantages of SCM like reduce cost effects, increased outputs and many more. I am uploading a document where you will get benefits of SCM in more detail.