Supply Chain Management: Every Quick Insight Into The World of Supply Chain

World Logistics Passport SUPPLY CHAIN MANAGEMENT : EVERY QUICK INSIGHT INTO THE WORLD OF SUPPLY CHAIN Supply chain management is overseeing the flow of goods & services and processes that transform raw materials into finished goods . It streamlines every process making the operation faster , more efficient and more cost - effective . It also aims at increasing the quality of the products while gaining a competitive edge . • The global supply chain market size value is $ 15.85 billion • It is predicted that the global supply chain market will experience an 11.2 % CAGR from 2020 to 2027 • Maritime transportation accounts for over 90 % of global merchandise shipments . ● ● 5 Part of Supply Chain Management : ● ● Some Stats : ● If the cost of the supply chain is reduced from 9 % to 4 % your profits can double . • 67.4 % of managers use Excel spreadsheets as their management tool . ● • More than $ 1.14 trillion worth of products were out of stock in 2020 because of the CODIS - 19 pandemic Planning Sourcing Did you know ? Manufacturing Delivering Returning : Different Companies adopt different supply chain models depending on their goals , strength and constraints : WLP WORLD LOGISTICS PASSPORT Supply Chain Management Models : Variety bhotog ● Continuous Flow Model Agile Model • Fast Model • Flexible Modal Efficient Model • Custom Model ● Tips for Improving Supply Chain Management • Set Clear & Achievable Goals • Collaboration with Reliable Partners Nurturing & Upgrading Human Resources • Increase Automation • Use of Advanced Technologies like AI , ML , Blockchain etc. • Work on Reducing Reverse - Logistics ● Keep tracking your KPIs Address - PO Box 63 , Dubai , United Arab Emirates Email Id - info @ world logisticspassport.com Phone No.- +971 8005 5555 Website - https://www.worldlogisticspassport.com/our expertise / supply - chain - management