SUPPLY CHAIN OPTIMIZATION STRATEGIES

Abstract

Supply chain optimization is a critical focus area for businesses seeking to enhance efficiency, reduce costs, and improve customer satisfaction. This review research paper explores various strategies employed in optimizing supply chains, encompassing technological advancements, process improvements, and strategic partnerships. The paper examines the role of data analytics, artificial intelligence, and automation in enhancing supply chain efficiency. Additionally, it delves into sustainable practices and risk management strategies that contribute to supply chain resilience. The review identifies key success factors and challenges associated with supply chain optimization, providing insights for organizations aiming to streamline their operations and achieve competitive advantage.