article thumbnail

Beginners Guide to Supply Chain Management

World of Procurement blog

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. Strategic sourcing and cost management are integral parts of this phase to ensure the company remains cost-efficient and competitive.

article thumbnail

Beginners Guide to Supply Chain Management

World of Procurement blog

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. Strategic sourcing and cost management are integral parts of this phase to ensure the company remains cost-efficient and competitive.