Mastering Supply Chain Management: Essential Concepts and Strategies

Discover the critical role of supply chain management in the success of modern businesses! In this video, we explore the importance of efficient product delivery and the intricate web of relationships with suppliers, manufacturers, distributors, and customers. Learn about the three key components of supply chain flow: product flow, information flow, and financial flow, and how optimizing these elements can reduce costs and boost customer satisfaction.

Dive into operations management to understand how planning, controlling, and supervising production processes ensure efficiency. We'll also cover inventory management strategies like Just-In-Time (JIT) and Economic Order Quantity (EOQ) to balance inventory levels and optimize cash flow.

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OUTLINE:

00:00:00 Introduction to Supply Chain Management
00:01:47 Understanding Supply Chain Flow
00:03:27 Essentials of Operations Management
00:04:09 Mastering Inventory Management