Supply Chain Management SCM Strategies

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Supply Chain Management is a process of planning, implementing, and controlling the flow of goods and services from the point of origin to the point of consumption. This is done with an aim to improve customer service and reduce costs. Supply Chain Management strategies are very important in order to maintain a competitive advantage in the market. These strategies can be broadly classified into two categories: tactical or strategic. Tactical supply chain strategy refers to short-term actions that are taken to improve efficiency or solve problems quickly. These strategies are often implemented by companies when they have a specific problem that needs solving immediately.
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