Question
In: Operations Management
What are the objectives in terms of good management of supply chains?
What are the objectives in terms of good management of supply chains?
Solutions
Expert Solution
Explanation:
Objectives of good management in term of good management of supply chain:
- Increase the customer valuation
One of the main objective for the supply chain management is to develop value for the customer via adding value to its service and products. As Supply chain management increase the usability of the product or service. Different aspect of product is also considered as value to the product.
- Enhance customer service.
Another objective of supply chain is to increase or enhance customer service. As make sure that when customer want the product it is available for them and take care of timely delivery for product to fulfill customer order. After that customer satisfaction is also important.
- Proper utilization of resources.
Supply chain need to make sure that company resources are used properly and effectively, customer is getting the product on time and on the right time.
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