In Plan of the five basic supply chain activities prepare to manage all resources required to meet demand.
Manufacturing companies can benefit from a thorough supply chain planning system in areas like material management, waste reduction, and working capital optimization.
The process of precisely planning a material's or a product's route from the raw material stage to the end user is known as supply chain planning. Several procedures are included in this, including supply planning, demand planning, production planning, distribution planning, operations planning, and sales planning.
According to research, 79% of companies with high-performing supply networks have faster revenue growth than the sector average.
Additionally, businesses with the best supply networks benefit from 15% lower supply chain expenses, inventory holdings of less than 50%, and cash-to-cash cycles that are 3 times faster.
To learn more about Supply Chain here
https://brainly.com/question/18850093
#SPJ4
