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It's the process of getting all the finished goods and services from the factory to the clients. Packaging, supplies, inventory control, shipping, and logistics are all part of this service. The value of the physical distribution is essential in supply chain management studies since consumers are the end-users of manufactured items and services.
It represents the company's face to its consumers, and it is accountable for how customers feel about the product and the company that sells it after they have used it. When customers are satisfied with a product, the importance of customer service management grows, as does the company's profit.
It manages the day-to-day operations, such as shipping, picking, receiving, transactions, etc. It is a crucial component of supply chain management that focuses on material control and storage. As a result, supply chain management assignments help cover various topics.
It refers to obtaining commodities and raw materials required for the company model. It entails reviewing, receiving, ordering, and approving things from vendors. Equity, value for the money, ethics and fair business practices, accountability, and reporting are the five pillars of procurement.
This management assists in tracking, managing, and measuring the supply chain's performance. In supply chain management, the overall performance assessment system uses the three criteria method: hierarchy, strategy, tactical, and operational levels.
The customer relationship management model (CRM) aids in the management of interactions between suppliers and prospective clients. In this field, advanced technology is used to organize, mechanize, provide technical assistance, market, and synchronize sales. To improve customer interaction, you can apply the most suitable use of digital media here, such as social media, separate channels, phone, live chats, direct mail, and so on.
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Answer: According to our Supply Chain Management Experts, the five basic components of a supply chain management system are:
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