What is Supply Chain Design?- Meaning and Benefits
What is Supply Chain Design?
Supply chain design is the process of creating a plan for how resources will be acquired, stored, and used to meet demands. The goal of supply chain design is to create a system that is efficient, effective, and resilient.
Businesses must consider their customers' needs and suppliers' capabilities to improve supply chain operations.
Businesses must also identify disruptions and potential risks that could impact the supply chain. By designing a comprehensive and well-thought-out supply chain, companies can ensure that they can meet customer demands and remain competitive.
How can businesses benefit from supply chain design?
In short, supply chain design, or SCD, enables businesses to oversee and optimize their supply chains. Other than that, the benefits include the following:
Bring more value to the table for the customers
It helps minimize costs and get better returns
Aids in your business growth
It enables you to modify your business according to the changing needs
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