What are the cycles of Supply Chain Management

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The cycles of Supply Chain Management include Plan, Source, Make, Deliver, and Return.

Plan: Forecasting demand, creating a procurement plan, and developing a production schedule.
Source: Identifying suppliers, negotiating contracts, and managing relationships.
Make: Manufacturing or assembling products, testing quality, and managing inventory.
Deliver: Coordinating logistics, managing transportation, and ensuring on-time delivery.
Return: Managing returns, repairs, and recycling of products.
Example: A company plans to launch a new product. They forecast demand, create a procurement plan, and develop a production schedule. They identify suppliers, negotiate contracts, and manage relationships. They manufacture or assemble the product, test quality, and manage inventory. They coordinate logistics, manage transportation, and ensure on-time delivery. They manage returns, repairs, and recycling of products.

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