Supply chain management can help a business adapt to changes in the global marketplace by providing a strategic approach to managing all the steps involved in the production and distribution of products. This includes sourcing raw materials, manufacturing, transportation, and delivery to the end customer. By effectively managing these processes, businesses can gain a competitive advantage, increase efficiency, and improve profitability. Additionally, a well-managed supply chain can help businesses respond quickly to changes in demand or disruptions in the supply chain, which is particularly important in a rapidly changing global marketplace.
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