Supply chain management has various advantages, like combining multiple shipments into one to reduce transportation costs, hiring third-party logistics providers to handle shipping and warehousing, and implementing eco-friendly measures to reduce waste and energy use.
Characteristics of supply chain management
| Integration | Efficiency |
| End-to-End Visibility | Cost Reduction |
| Coordination Across Functions | Resource Optimization |
| Seamless Information Flow | Process Streamlining |
| Responsiveness | Quality |
| Quick Adaptation to Changes | High Standards of Product Quality |
| Flexibility in Operations | Continuous Improvement |
| Timely Delivery | Quality Assurance Processes |
| Sustainability | Collaboration |
| Environmental Responsibility | Strong Supplier Relationships |
| Ethical Sourcing | Customer Engagement |
| Waste Reduction | Cross-Functional Teams |
| Technology-Driven | Risk Management |
| Use of Advanced Analytics | Risk Identification and Assessment |
| Automation and Robotics | Contingency Planning |
| Implementation of IoT and AI | Crisis Management |