Delivery volumes have never been higher, putting pressure on supply chains. Packages are being delayed, shipping companies have increased fees, and businesses – whether suppliers, wholesalers, or retailers – are all feeling the strain. Companies will have to change their operations to be more efficient, flexible, and cost-effective to fulfil the new demand. Supply chain optimization ensures a smoother operation and a more profitable business strategy.
Let's start by defining supply chain optimization, the various elements that go into it, and how the correct supply chain optimization approaches and solutions may help you support your major business activities and gain a competitive edge.