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• RESPONSIVE:

Responsive supply chain is an ability to meet customer demand or sustain the customer in market place.

• EFFICIENT:

Efficient supply chain focus is on cost reduction and no resources are wasted on non-value added activities.

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KEY ELEMENTS OF SUPPLY CHAIN MANAGEMENT

THERE ARE SIX ELEMENTS OF SUPPLY CHAIN MANAGEMENT

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SUPPLY:An organization must determine what are their facilities or facilities to produce, both economically and efficiently.

INVENTORY:Further strategic decisions focus on inventory and how much product should be stocked. This is a critical issue for an effective supply chain management. Operational inventory decisions revolved around optimal level of stock at each location to ensure customer satisfaction

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FORECASTING STAGES HINOPAK has the following procedure

➢ strategic business planning ➢ production planning ➢ master production scheduling

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