Here's a step-by-step breakdown of how SCM works: 1. Planning: Demand forecasting and supply planning. The first stage in SCM is planning, where companies use demand forecasting to predict future customer needs and create supply plans to meet those demands. Accurate forecasting is crucial to avoid overproduction, stockouts, or wasted …
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SCM application provides tools for tracking and managing inventory levels. It enables companies to optimize stock levels, reduce carrying costs, and avoid overstocking or stockouts. Order management SCM software streamlines the order-to-cash process. It manages customer orders, order fulfillment, and tracking, ensuring timely and accurate ...