Supply Chain Management
(Logistic features and challenges)
* History of logistics
* Introduction to Logistics and SCM
* Business Logistics
* DISTINGUISHED PROBLEMS OF LOGISTICS
* 3 Logistical Challenges Every Growing Business Must Overcome
History of logistics:-
Logistics has been playing a fundamental role in global development for almost 5,000 years now. Since the construction of the pyramids in ancient Egypt, logistics has made remarkable strides. Time and again, brilliant logistics solutions have formed the basis for the transition to a new historical and economic era. Examples of this fundamental ...view middle of the document...
Supply chain management – a look at the entire logistics chain from the vendor’s supplier to the end customer. Supply chain management is a term that has grown enormously in use and significance since the late 1980s. Today, supply chain management is viewed as a holistic consideration of key business processes that extend from the vendor’s supplier to the end user. Accordingly, supply chain management is an extremely interactive, complex system requiring simultaneous monitoring of many conflicting objectives.
Advancing globalization – efficient logistics as a competitive edge in the era of globalization. Global competition began to arise and spread in the 1970s and accelerated in the 1990s. Globalization is still moving forward today. Efficient logistics creates a crucial competitive edge for companies that are expanding in global markets. Successful logistics efforts in international supply chains can fuel the development of global markets.
Introduction Of logistics and SCM:-
Logistics is the management of the flow of resources between the point of origin and the point of consumption in order to meet some requirements, for example, customers or corporations. The resources managed in logistics can include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as time, information, particles, and energy. The logistics of physical items usually involves the integration of information flow, material handling, production, packaging, inventory, transportation, warehousing, and often security. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources is a common motivation in logistics for import and export.
Inbounding logistics: is one of the primary processes of logistics, concentrating on purchasing and arranging the inbound movement of materials, parts, and/or finished inventory from suppliers to manufacturing or assembly plants, warehouses, or retail stores. Outbound logistics: is the process related to the storage and movement of the final product and the related information flows from the end of the production line to the end user.
Supply chain management (SCM) is the combination of art and science that goes into improving the way your company finds the raw components it needs to make a product or service and deliver it to customers. The following are five basic components of SCM.
1. Plan—is the strategic portion of SCM. Companies need a strategy for managing all the resources that go toward meeting customer demand for their product or service. A big piece of SCM planning is developing a set of metrics to monitor the supply chain so that it is efficient, costs less and delivers high quality and value to customers.
2. Source—companies must choose suppliers to deliver the goods and services they need to create their product. Therefore, supply chain managers must develop a set of...