Learn what scm is, how it works, and why it's important for businesses. Explore the five phases of scm and the different types of supply chain models that companies can adopt. A supply chain is the network of organizations, people, activities, information, and resources necessary for moving a product or service from supplier to customer. It encompasses all the steps required to create and deliver a product or service, including procurement, production planning and control, inventory management, warehousing, and distribut. Learn the definition, importance, types, functions and challenges of logistics within the supply chain.
Learn what a supply chain is, how it works, and why it's important for businesses. Learn what supply chain logistics is, how it works, and why it matters for global trade. Effective supply chain logistics management helps reduce costs and improve operational efficiency across business processes. By optimizing each part of the supply chain, including demand planning, transportation routes, inventory levels and lead times, companies can save money and time. Supply chain management and logistics both work to move, store and deliver goods as efficiently as possible. Supply chain management provides the strategic direction that guides inbound and outbound logistics.
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