Bottlenecks determine the throughput of a supply chain. Recognizing this fact and making improvements will increase cash flow.
Most companies rationalize that safety stock is the domain of those companies who run a Min/Max inventory system. However, maintaining safety stock isn’t just something that companies do when faced with cyclical and seasonal customer demand patterns.
SUPPLY CHAIN MANAGEMENT PROCESS
Supply Chain Management Process : Supply chain management is defined as the design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally.