The stock held throughout the supply chain. High inventory ensures product availability but increases holding costs. Low inventory reduces costs but risks stockouts.
Modern SCM helps businesses anticipate disruptions (like natural disasters or geopolitical shifts) and build "resiliency" through diversified sourcing. fundamentals of supply chain management
Smart sensors placed inside shipping containers monitor real-time temperature, humidity, and location tracking for sensitive cargo like pharmaceuticals. Conclusion The stock held throughout the supply chain