Logistics and supply chain management in india - Omlogistics
Logistics and supply chain management are two interconnected concepts that involve the processes, activities, and operations that ensure the movement of resources, goods, and services from their point of origin to their destination in a timely, cost-effective, and efficient manner.
Logistics refers to the management of physical flow of goods, services, and information from their point of origin to their final destination, including storage, transportation, packaging, and delivery. In contrast, supply chain management involves the coordination and optimization of all the activities involved in sourcing, production, inventory management, and distribution of goods and services across a network of suppliers, manufacturers, distributors, retailers, and customers.
Together, logistics and supply chain management play a crucial role in ensuring the competitiveness of businesses and the satisfaction of customers by improving operational efficiency, minimizing costs, reducing lead times, and enhancing visibility and control over the entire value chain. They also involve the application of various strategies and technologies, such as just-in-time inventory management, demand forecasting, e-commerce, data analytics, and automation, among others, to improve the accuracy, speed, and reliability of the supply chain processes.
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