What are the key stages in the supply chain process?

The supply chain process consists of several key stages that are crucial for ensuring the smooth flow of products from the initial production phase to the final delivery to customers. These stages typically include planning, sourcing, manufacturing, logistics, and customer service. During the planning phase, companies determine the demand for their products, forecast sales, and develop strategies to meet customer needs. Sourcing involves identifying and selecting suitable suppliers or manufacturers. Manufacturing encompasses the production and assembly of products, followed by quality control measures. Logistics focuses on transportation, warehousing, and inventory management to ensure efficient delivery. Lastly, customer service involves meeting customer expectations, addressing any issues, and striving for customer satisfaction. Effectively managing these stages is essential for optimizing the supply chain and achieving operational excellence.

This mind map was published on 9 October 2023 and has been viewed 58 times.