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Advanced Vocabulary
Supply Chain Management
Fill in the gaps using words from the box below:
In supply chain management, companies must carefully manage their ________ to ensure they can meet customer demand without holding excessive stock. The process of moving goods from manufacturers to consumers is known as ________. Effective supply chain management also involves reducing ________, the amount of time it takes from placing an order to receiving the goods.
A reliable ________ is essential for maintaining smooth operations, and selecting the right partners is a key part of the ________ process. Companies often focus on improving ________ in their operations, from production to ________, in order to stay competitive. Proper ________ ensures that goods are stored safely until they are needed for distribution.
