Answer :

Final answer:

Supply Chain Management is built on four pillars: procurement, operations, warehousing and inventory management, and logistics and transportation. Each plays essential roles in ensuring effective business operation.

Explanation:

The four foundational areas of Supply Chain Management are broadly considered to be:

  1. Procurement: This involves the purchasing of raw materials, goods, and services required for the business operation.
  2. Operations: This is the production process, where goods and services are created.
  3. Warehousing and Inventory Management: This involves the efficient storing and managing of products till they are needed for sale.
  4. Logistics and Transportation: This deals with the distribution and delivery of goods from the business to the end consumer.

These areas are key to ensuring the smooth operation of a business and effective management of its supply chain.

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The Four foundational areas of supply chain management is as follows:

  1. Integration= Integration can be considered as brains and heart of the supply chain. Integration supply chain means to produce effective and timely results. Integration are responsible for making sure that things are happening on time and on the budget, without sacrificing quality.
  2. Operations= Operation supply chain are the backbone of the supply chain process, ensure the employees must have consistent work. Managers monitor day to day operations to ensure that various supply chain phases stay on track.
  3. Purchasing= It is important to know exactly what goods to purchase within your company, whether it is materials, supplies, tools, or equipment. This ensures that your company does not run short on materials, causing production to be significantly delayed.
  4. Distribution= The last step in the supply chain is when your product is received by customers, either from store shelf or through direct shipping. Products are handled properly so that they may reach customers quickly which is the goal of a distributor.

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