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Secrets To Effective Supply Chain Planning

Author: 
Megan Keup
Publication date:
September 1, 2021
Article Summary: 

Secrets To Effective Supply Chain Planning

Supply chain planning is the process of optimizing procurement, manufacturing and distribution of goods and services from manufacturers and suppliers to customers. It involves adjusting the plan according to demand planning forecasts while keeping in mind production capacity constraints and availability of materials. It requires a supply management structure that meets demand effectively through maintenance, policy regarding stock, production and sourcing parameters, and strategic partnerships with suppliers and third-party manufacturers to create visibility and flexibility in vendor-managed inventory. ProjectManager is online software that collects real-time data to help understand customer's demand better. Supply chain planning is the process of optimizing procurement, manufacturing and distribution of goods and services from manufacturers and suppliers to customers.

It involves adjusting the plan according to demand planning forecasts while keeping in mind production capacity constraints and availability of materials. It requires a supply management structure that meets demand effectively through maintenance, policy regarding stock, production and sourcing parameters. ProjectManager is online software that collects real-time data to help businesses understand their customer's demand better. Try ProjectManager free today.

Keywords: 

supply chain planning, supply management, demand forecasting, manufacturing, material planning, manufacturing planning, advanced supply chain planning, sourcing and procurement, stock availability

Source Citation: 
Megan Keup
Secrets To Effective Supply Chain Planning
September 1, 2021
https://www.projectmanager.com/blog/effective-supply-chain-planning
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