Advanced Business Vocabulary

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.