The Consumer Packaged Goods are also called CPGs. The term describes any products – that is, consumables – that people use and replace on a cyclical basis. These are things like cleaning products, health supplies, food, beverages, and snacks. You’ve probably used several consumer packaged goods today, just like you’re going to do tomorrow.
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Supply chain optimization is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. This includes the optimal placement of inventory within the supply chain, minimizing operating costs.
Supply chain management (SCM) is the process by which supply chain activities are managed to have an advantage over competitors as well as maximize the value of our customers. It basically represents the efforts by which the supply chain management solutions help to develop and manage supply chain activities in the most efficient way.
To provide this balanced insight, we canvassed our panel of internal experts and identified the following supply chain management challenges.
Saving money is an important topic for any industry. Every industry is focused on their bottom line. Over the past 5 years, many businesses have started to really look over their supply chain as a way to reduce their costs. Some of the large players such as Amazon are putting pressure on the rest of the market to not only lower costs, but also deliver service levels that are faster and of higher quality. There are several areas to reducing supply chain costs in 2019. Some of these areas are more obvious than others.
