Supply chain management is a key factor in your company’s prosperity, expansion and ability to remain competitive.
Supply chain management is a key factor in your company’s prosperity, expansion and ability to remain competitive.
Controlling and optimizing logistics workflowsis of paramount importance to every company managing stocks of goods. This involves, of course, not only the physical flow of goods but also the flow of information. While this requires deployment of a specific strategy and the appropriate tools to meet the objectives, it brings substantial benefits over time.
Supply chain and logistics are two terms that can easily be mixed up. Although they’re inter-related concepts, however, they’re quite distinct activities and serve different purposes. In this article we’ll examine what each of these terms means, and what the differences are between “logistics” and “supply chain”.
Successful logistics is the result of a combination of factors: customer satisfaction, employee management and increased efficiency through optimization of existing processes. In an ever-changing world, the industry is now faced with new challenges: it has to get on top of environmental issues, and anticipate future development and innovations.
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