Businesses often hear the term supply chain management, but not every business owner is aware that it is organized and well-managed procurement functionality. In general, businesses often choose suppliers based on their ability to deliver the agreed products at the agreed price. Though this might sound like an overstatement, many businesses select the suppliers randomly and do not put in much effort to organize or implement any strategies.

Not many realize that most of their costs are…

Supply chain management is the management of the flow of goods and services. CDS Group of Companies a global provider of Supply Chain Management (SCM) Services in Vancouver. For more visit here https://www.cdsltd.ca/supply-chain-solutions-canada/

The supply chain department of a company looks into the entire journey of and flow of goods. From the storage of raw materials to transportation fo finished goods, supply chain management does it all.

Supply chain management was not given much heed a few decades back. But now supply chain management is one the trump card of a company. It the supply chain is modified, then becomes a competitive advantage for any…

The corporate world is highly competitive. The globalized economies have integrated the markets throughout the globe and thus, the demand creation is no longer uni-channeled. The firm not only needs to fulfill the domestic demand but also has to cater to the needs of international markets.

Taking the first step towards enhancing operational efficiency, the firm's objective revolves around making the commodities available at the place of consumption, which is a key focus area under…