critical significance of the supply chain administration

3 Enhance Efficiency
            This is another critical significance of the supply chain administration. 
The supply chain helps minimize the chances of any form of wastage (Francis et al., 2021).  maybe wastage of time or even resources within a given firm, which results in inefficiency in production and performance within the firm. Efficient supply chain administration helps develop strategies that take note of any form of wastage occurring within a given firm. The developed systems help minimize wastage by adding value to the firm. The method can focus on the production process whereby the plan aims to eliminate all forms of wastage, for instance, replacing man labor with modern technology to help minimize time wastage during the production process (Francis et al., 2021)).
4.4 Enhance the Flow of Products and Raw Materials
            
The supply chain helps to increase the production rate within a given firm, thus promoting the flow of the products to the consumers (Francis et al., 2021). This implies that an efficient supply chain helps the firm meet the consumers’ needs and demands on time, whereby the raw material is manufactured into final products within the short period possible and supplied to the consumer on time. The timely and adequate supply of final goods to the consumers helps to enhance efficiency in supply and demand flow, thus eliminating the fall back in demand and supply. This helps make the market prediction easier and reduces the level of uncertainties.  The flow of raw materials is also enhanced due to the smooth and swift production of the raw materials into finished goods.