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• RESPONSIVE:
Responsive supply chain is an ability to meet customer demand or sustain the customer in market place.
• EFFICIENT:
Efficient supply chain focus is on cost reduction and no resources are wasted on non-value added activities.
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KEY ELEMENTS OF SUPPLY CHAIN MANAGEMENT
THERE ARE SIX ELEMENTS OF SUPPLY CHAIN MANAGEMENT
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SUPPLY:An organization must determine what are their facilities or facilities to produce, both economically and efficiently.
INVENTORY:Further strategic decisions focus on inventory and how much product should be stocked. This is a critical issue for an effective supply chain management. Operational inventory decisions revolved around optimal level of stock at each location to ensure customer satisfaction
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FORECASTING STAGES HINOPAK has the following procedure
➢ strategic business planning ➢ production planning ➢ master production scheduling
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