Some common challenges in supply chain management include improving the distribution network, monitoring cash flows, establishing information conduits, and tracking inventory. These can be addressed by reviewing essential parts in the distribution network and figuring out how they work in sync, controlling cash flow and monitoring payment terms and conditions with various groups within the supply chain, ensuring data is distributed promptly and properly to pertinent recipients, and employing tracking software or internal spreadsheets to monitor the whereabouts of your inventory.
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