A company’s supply chain usually comprises all the operations between sourcing raw materials and delivering the product to customers. Along with this process, there are many challenges a company faces, some of which can be avoided or mitigated through knowledge management for the supply chain management.
Through knowledge management, supply chains have access to more complete and accurate information within the organization and external sources. The knowledge management process would entail the collection and analysis of data and the dissemination of information to the relevant stakeholders to maximize the value of its supply chain.
It also ensures that any changes within their environment are swiftly reported and acted on promptly.
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