Demand forecasting and inventory management must synchronize

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Reference no: EM133860160

Question

SCOR Model: The SCOR model assesses a supply chain through five components: Plan, Source, Make, Deliver, and Return. Regarding Minimo:

• Plan: Demand forecasting and inventory management must synchronize with production schedules and client orders.

• Source: Acquiring materials from dependable sources, both domestic and international, is essential for reducing manufacturing delays.

• Make: The choice between in-house manufacturing and outsourcing production influences total expenses and quality control.

• Deliver: Efficient shipping and logistics systems are crucial for timely delivery to overseas customers.

• Return: A definitive policy for returns and exchanges must be established to address any concerns that may occur. Please make a flowchar for this.

Reference no: EM133860160

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