relationship in a manner that achieves the objectives of all the organizations at the least total cost. Objectives of Supply Chain Management. Some common goals of supply chain management include: Reduce waste and non-value-added activities (i.e. cost reduction) including excess inventory, increase customer service/responsiveness, improve supply chain communication (speed/timeliness, accuracy of information, information sharing), reduce cycle time (e.g. new product development, supply leadtime), and improve…
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