Supply Chain Risk And Flexibility

Abstract

Abstract:

Primary function of supply chain is to take products from creation to delivery, but it can provide a competitive advantage within your industry & with your customers as well. It can make your customers loyal for life time & satisfy demands of customers in a very efficient way. The main objective of supply chain is to create visibility, reducing waste, streamlining the whole process, reducing errors & duplications. It is very important to measure the risk of supply chain. Otherwise it is not possible to make an agile supply chain system that could response to change to any circumstances. Supply chain system must be flexible and agile to cater the demand of new economy.