"Supply Chain Optimization" (theory)

Supply chain optimization involves systematically improving the processes and arrangements involved in producing and delivering goods. It aims to balance factors like cost, speed, quality, and reliability by analyzing everything from sourcing raw materials to distributing final products. The goal is to find the most efficient way to meet customer demand while minimizing expenses and waste. This often includes using data analysis, planning tools, and technology to make better decisions about inventory levels, transportation, and production schedules. Effective supply chain optimization helps businesses stay competitive, reduce delays, and increase customer satisfaction.