Electric Vehicles Market Overview
Once derided as toys, electric vehicles are now bound to reach absurd numbers in the coming years. Governments across the globe have presented lavish electric vehicles purchase incentives to help get the market rolling. Moreover, the tightening fuel economy standards are forcing automobile manufacturers into electric vehicles faster than most of them would like. However, electric vehicles manufacturers are facing challenges in terms of the changing infrastructure and the supply of raw materials in many underdeveloped countries.
Functions of Supply Chain Management
Typically, the functions of supply chain management involve four steps:
Aligning flows: As currency, resources, and data is passed between suppliers and customers, supply chain management keeps them level up and down a supply chain.
Managing resources: Supply chain managers are responsible for using technology, people, and processes to meet the needs of customers.
Integrating functions: Supply chain management links the activities of logistics, procuring, and operations to ensure that companies focus on goals that benefit total performance.
Coordinating processes: Supply chain management improves cost-effectiveness by aligning the processes used to plan, make, deliver, and return a company’s products and services.
Continue reading to know more about the functions of supply chain management and the tangible importance of supply chain management or request a proposal