What are the main challenges in supply chain management?

What are the main challenges in supply chain management?

Some key challenges include demand forecasting, inventory management, and supplier relationships.

How does demand forecasting impact supply chain efficiency?

Accurate demand forecasting helps in optimizing inventory levels, reducing costs, and improving customer satisfaction.

What strategies can companies use to overcome these challenges?

Companies can adopt technologies like AI for better forecasting, enhance collaboration with suppliers, and implement agile practices.

Can you give examples of companies that have successfully managed these challenges?

Sure! Companies like Amazon and Walmart use advanced analytics and strong supplier relationships to excel in supply chain management.