To Define The Supply Chain Process, it is necessary to understand that it may vary organization to organization, the supply chain is completed by following the below main processes for the effective supply chain in any organization.
Demand Management
Demand Management means it is a focused effort to estimate and manage customer demand to use this information to shape operating decisions, as this definition implies demand management is much more than just forecasting more accurately.
Supply Management
Supply management refers to the movement of material or services including the inventory of raw material, work in process, and the finished products which have procured from the suppliers to the end customers.
Product Portfolio
An important aspect for doing a systematic Product Portfolio assessment is to have oversight which means regulations likely affect possible risks in the portfolio products, or by a negative market, perception shortly and then, of course, knowing all that, and having these insights how we can shape the portfolio towards more sustainable products
Sales and Operations Planning
Sales and operations planning is all about managing demand and supply, the key responsibility for supply chain professionals in any organization to optimize the cost of operations and profit through sales.
To study further about the Supply Chain and how it works, read the below article
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