Explain Planning , inventory management , lead time , Explain you SCM

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Accepted Answer

Planning, inventory management, and lead time are crucial components of supply chain management (SCM).

Planning involves forecasting demand, setting production schedules, and coordinating with suppliers and distributors.
Inventory management involves optimizing inventory levels to balance costs and customer demand.
Lead time refers to the time it takes to receive goods from suppliers and deliver them to customers.
SCM involves the coordination and integration of all activities involved in the production and delivery of goods and services.
Effective SCM can improve efficiency, reduce costs, and enhance customer satisfaction.

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