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About Various Flow in Supply Chain-: Educba
There are five major flows in any supply chain: product flow, financial flow, information flow, value flow, and risk flow. The product flow involves the movement of goods from suppliers to customers. The financial flow consists of payment schedules and ownership arrangements. The information flow transmits orders, schedules, and delivery status updates. Each stage in the supply chain aims to add value to products/services. Risks include uncertainties in demand, supply, price, and lead time. Effective supply chain planning and management is needed to coordinate assets and optimize delivery from supplier to customer while balancing supply and demand. Logistics management is an important component that plans and implements efficient movement and storage of goods, services, and information throughout the supply chain.
Detailed Information
| Author: | ['Ritik Singh'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 6 |
| Language: | English |
| Format: | |
| Price: | FREE |
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