1) The product flow
2) The information flow
3) The finances flow
The product flow usually involves movement of products from a supplier to a customer, and also the back end process such as any customer returns or service needs.
The information flow involves the flow of information on orders and updating the status of delivery.
The financial flow consists of credit terms, payment schedules, and consignment and title ownership arrangements.
Here are some good example on the process flow of supply chain management:-
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Supply chain management involves optimizing your operations to maximize both speed and efficiency. Speed is important because customers value fast service. Increasing speed, however, can cause costs to skyrocket, so maximizing efficiency is equally important.
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Great insights shared here! At LevaData, we also focus on enhancing procurement strategies through AI-driven spend intelligence. If you're exploring ways to improve supply chain agility, check out our latest resources on real-time spend intelligence and direct material sourcing. Would love to exchange ideas!
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