“If you think of standardization as the best that you know today, but which is to be improved tomorrow; you get somewhere.” ~ Henry Ford, founder Ford Motor Company
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A systematic strategy for managing the network between a company and its suppliers is known as a supply chain strategy. This plan is often created by a supply chain management with the main objective of maximizing value throughout the whole manufacturing cycle.
The end-to-end flow of information, goods, and money is covered by supply chains. Because of this, how they are managed has a significant impact on an organization’s ability to compete in a variety of areas, including product pricing, working capital needs, speed to market, and service perception, among others. To ensure a high degree of business performance in this situation, the supply chain must be well aligned with the business plan.
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