Question

Explain why supply chain flow are important ?

Answer 1

The SCM or supply chain management has information or data flow as one of the main supply chain flow components. It is one of the most crucial tasks to share the information from one entity in the supply chain to another. It is very important because it not only makes a connection between the various stage of supply chain but also allows them to coordinate to perform actions in order to maximize the profit of the firm. There is a very close link between management and design of supply chain flows and supply chain fulfillment. However, It is very important to ensure that the information flow is reliable and accurate.

For Insurance. companies like Walmart, dell, and amazon are using supply chain flow to maximize their profits.

In brief, supply chain flow is one of the most important parts of any supply china because it helps different stages of the supply chain to coordinate and works together to deliver optimum performance and maximize the profit fo tier company.