Definition
Supply chain optimization involves the continuous improvement and refinement of supply chain processes, systems, and strategies to maximize efficiency, minimize costs, and enhance overall performance. It encompasses various optimization techniques such as demand forecasting, inventory optimization, transportation planning, network design, and process reengineering aimed at achieving operational excellence, agility, and competitiveness in dynamic and complex supply chain environments.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.