Understanding Supply Chain Management

The supply chain management plays a critical role looking into the movement of goods and services and all the other processes which lead to the conversion of raw materials into final goods. If the supply chain is managed systematically, the company will cut down their extra costs and cater to their customer’s needs efficiently. Supply chain management critically evaluates the company’s products and services from the beginning till the finished product.  A productive supply chain management can cut down the extra costs of the company along with increasing their revenue

Role of demand planning and forecasting

Demand planning & forecasting is a process that comes under supply chain management and involves predicting the demand of the goods to ensure consumer satisfaction shortly. A lot of factors influence the demand of the customers. These include seasonal changes, economical shifts, trends, etc., making demand planning and forecasting crucial. Efficient demand planning is necessary to cater to the customer’s needs and see if there’s enough stock to meet the demand. Demand forecasting and planning are considered to be of utmost importance to prevent extra costs and overproduction.

Role of the dispatch management system

A dispatch management system deals with coordinating different processes in delivery, maintenance, and service. If you want your products to be delivered on time, it is essential to have an efficient dispatch management system. If the aim is to maximize your profits, having a well-organized dispatch management system is the key.

The sole purpose of this content is to increase your knowledge about the supply management system and the various departments that come under it. Supply management is a heavy task so make sure you take all the help you need!