Supply Chain

How Supply Chain and Logistics are Fundamental to Success.

How Supply Chain and Logistics are Fundamental to Success.

All processes that turn raw resources into final goods are covered under supply chain management. In order to maximize customer value and gain a competitive edge in the market, it involves the purposeful simplification of a company's supply-side processes. Logistics is the planning, implementation, and control of effective reverse flows and storage of goods, services, and related information between the location of origin and the site of consumption in order to meet customer requirements. Logistics is a subset of supply chain management. The goal of logistics management is to deliver prompt, affordable customer service, which is essential for business success.…
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