How do companies use supply chains to manage daily operation

How do companies use supply chains to manage daily operations?

Solution

A company\'s goal is to respond in a manner that balances supply with demand to maximize profitability. The ultimate goal of an effective Supply Chain Management system is to reduce inventory with the assumption and the application that products are available when needed i.e. zero or minimum inventory. A supply chain consist of a network of manufacturers and service providers who work together to convert and move goods from the raw materials stage through to the end user. The manufacturers and service providers are linked together through physical flows, information flows and monetary flows thereby helping to manage daily operations.