The absence of a comprehensive plan can expose a business to risk Supply chain planning helps fulfill real-time demand commitments
It also enhances efficiency and brings down operating costs, Supply chain planning has assumed paramount significance in today’s rapidly changing business environment.

Advantages of supply chain planning

Supply chain planning can help streamline operations, enhance efficiency, avoid delays and bring down operating costs. Done right, planning can reduce costs associated with several processes, including purchasing, production, inventory management, and logistics.

Additionally, planning can enhance customer satisfaction by ensuring that products are available at the right place at the right time. Enhanced customer satisfaction, in turn, helps a business build customer loyalty.

Without a comprehensive supply chain plan, a business lacks foresight and preparedness to deal effectively with potential ‘what-if’ scenarios.