Worldwide, managing supply chains has become a major component of competitive strategy to enhance organizational productivity and profitability. The supply chain of a manufacturing enterprise is a global network of suppliers, factories, warehouses, distribution centers and retailers through which raw materials are acquired, transformed and delivered to customers. Supply chain agility has continued to gain importance in modern day manufacturing practices because more agile enterprises are capable of adapting to rapidly changing market requirements. So organizations constantly work on transforming their present austere supply chains into agile entities to ensure overall supply chain profitability.
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