Standardization is a key component of supply chain management that can help to improve

operations, lower costs, increase quality, and boost efficiency. It refers to the creation and
application of uniform processes, methods, and specifications for goods and services, such
as product specifications, packaging, labeling, transportation, and documentation.
Standardization can speed up the supply chain and cut down on travel times. It can also
reduce variability and guarantee that goods and services are supplied consistently and on
schedule. It can also help to lower supply chain risks by making sure partners and suppliers
follow uniform standards and practices. Standardization is a crucial factor for any business
aiming to increase overall performance and optimize its supply chain operations.