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Demand Planning involves forecasting customer demand to align the supply chain's operations with future needs. It is crucial for balancing inventory levels with customer demand patterns.

Procurement is the process of selecting suppliers, negotiating contracts, and acquiring goods and services needed for production. It's vital for cost management and maintaining the quality of inputs.

Inventory Management is the oversight of non-capitalized assets and stock items. It's a balance between too much and too little inventory, affecting both costs and service levels.

Logistics refers to the detailed coordination of complex operations involving people, facilities, and supplies. It is imperative for ensuring timely delivery and reducing transportation costs.

Supply Chain Optimization is the application of processes and tools to ensure the optimal operation of a supply chain. This can lead to cost savings and improved customer satisfaction.

Supplier Relationship Management involves nurturing positive relations with suppliers to foster better collaboration. It's key for securing better terms and ensuring a reliable supply.

Risk Management in supply chain involves identifying, assessing, and mitigating risks that could interrupt the flow of goods and services. It is critical for supply chain resilience.

Sustainability focuses on meeting current supply chain needs without compromising the ability of future generations to meet theirs, incorporating environmental, social, and economic factors.

Supply Chain Integration is the alignment and inter-linking of business processes from end-user through original suppliers. It provides better visibility and control over the entire supply chain.