BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -An efficient supply chain management plan assures the delivery of the correct product with the correct quantity on time to the right customers, fulfilling the requirements of both the producer and the distributor. Simply put, customers are the kings of the retail business.

Detailed explanation-2: -What is the retail supply chain? The retail supply chain is the flow of processes involved in the production and distribution of your products. There are various discrete components of a supply chain, such as warehousing, inventory management, procurement, order management, carrier partnerships, and more.

Detailed explanation-3: -Logistics plays an essential part in supply chain management. It is used to plan and coordinate the movement of products timely, safely and effectively. Customers now not only include your neighbors and local friends; they include people from across the globe, as well.

Detailed explanation-4: -Supply chain management (SCM) is the centralized management of the flow of goods and services and includes all processes that transform raw materials into final products. By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster and more efficiently.