What are the key benefits of using Supply Chain process in an organiza

1.	What are the key benefits of using Supply Chain process in an organization?
Answer» Organizations can achieve following benefits in a distributed environment − To reduce accounts receivable collections with better visibility into the AR process, aging and extension of credit, and help to reduce day’s sales outstanding using SCM process. To effectively manage forecasting and handling sudden changes in demand and supply process. To effectively use Net Fixed assets NFA like plants and equipment. To meet customer demands, you can smartly plan and manage Supply chain Management process in an organization. Proper inventory optimization, order fulfillment and shipping of the goods. Distribution of the key information to all the stake holders spread across the network. Improved communication and collaboration between different business lines to manage demand and supply process in an organization. To improve production efficiency and reduction in production quality issues and hence reduce cost of goods sold. To reduce transportation duties and taxes, and increase rebates and incentives. It also helps to reduce transportation errors.

What are the key benefits of using Supply Chain process in an organization?

Answer»

Organizations can achieve following benefits in a distributed environment −

To reduce accounts receivable collections with better visibility into the AR process, aging and extension of credit, and help to reduce day’s sales outstanding using SCM process.
To effectively manage forecasting and handling sudden changes in demand and supply process.
To effectively use Net Fixed assets NFA like plants and equipment.
To meet customer demands, you can smartly plan and manage Supply chain Management process in an organization.
Proper inventory optimization, order fulfillment and shipping of the goods.
Distribution of the key information to all the stake holders spread across the network.
Improved communication and collaboration between different business lines to manage demand and supply process in an organization.
To improve production efficiency and reduction in production quality issues and hence reduce cost of goods sold.
To reduce transportation duties and taxes, and increase rebates and incentives. It also helps to reduce transportation errors.