Question

The processes needed to determine the set of future actions required to operate an existing supply chain.

Short answer

Planning is the procedure for following a series of future activities needed to maintain an existing supply chain. The need for planning in supply chain management is critical for a supply chain's operations to run smoothly. Planning should be both efficient and successful since it is critical to creating plans that are both cost-effective and result-oriented.

Step-by-step solution

Step by Step SolutionStep 1: Introduction

The technique of coordinating the many operations required to create and distribute goods and services to a company's clients is referred to as supply chain management.

Analyze the procedures for following a series of future activities needed to maintain an existing supply chain

Planning is required in terms of the tactics to be implemented to fulfill consumer demand, discover new customers, and monitor activities for efficient operations. Planning should be both efficient and successful since it is critical to creating plans that are both cost-effective and result-oriented.