Ultimate Guide To Proper Logistics Planning and Supply Chain Management
Global markets, demand, supply, and production are all part of the modern world's developing industries and businesses. But how can a firm optimize itself to lower the expenses associated with these procedures and limit resources from being wasted? Read on to learn everything there is to know about supply chain management, logistics planning, and their advantages. What is supply chain management? Supply chain includes a network of people, organizations, resources, activities, and technologies for the production and distribution of a product or service. Supply chain management (SCM) encompasses all processes involved in product development, from raw materials to finished goods. It focuses on streamlining the businesses' supply activities to increase customer value and achieve a competitive advantage in the market. What is logistics planning? Logistics planning goes hand in hand with supply chain management. However, they are not the same. The core role of logistics plan...