SCM provides advantages like better inventory control, higher revenues, increased savings, and improved customer service but also has disadvantages such as high implementation costs, difficulty managing internal and external processes, heavy time and resource investments, lack of proper strategic implementation, need for specialized skills and experience, and risk of competitors copying the SCM strategy.
SCM provides advantages like better inventory control, higher revenues, increased savings, and improved customer service but also has disadvantages such as high implementation costs, difficulty managing internal and external processes, heavy time and resource investments, lack of proper strategic implementation, need for specialized skills and experience, and risk of competitors copying the SCM strategy.
SCM provides advantages like better inventory control, higher revenues, increased savings, and improved customer service but also has disadvantages such as high implementation costs, difficulty managing internal and external processes, heavy time and resource investments, lack of proper strategic implementation, need for specialized skills and experience, and risk of competitors copying the SCM strategy.
SCM provides advantages like better inventory control, higher revenues, increased savings, and improved customer service but also has disadvantages such as high implementation costs, difficulty managing internal and external processes, heavy time and resource investments, lack of proper strategic implementation, need for specialized skills and experience, and risk of competitors copying the SCM strategy.
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ADVANTAGES & DISADVANTAGES of SCM
ADVANTAGES DISADVANTAGES
• Better inventory control • Implementation is expensive
• Higher revenues • Difficult to manage things internally
& externally • Helps increase savings in labor & procurement • Heavy investment of time and resources • Increased market visibility • Lack of strategic implementation • Improved reputation of brand in market • Proper skills & experience required
• Increased value of shareholders • SCM strategy can be copied easily by