FerdinandRisco

@ferdinandrisco

BASIC member 0 karma

Posts

Ferdinand Risco said Supply chain management includes logistics in order to maximize not only the company but also the work of business partners. Logistics is a more focused concept than narrow-minded SCM, i.e. Globalization and resource management of local units instead of entire networks of production sites. Logistics is, in a business sense, the management of the flow of goods from the place of origin to the place of consumption to satisfy the needs of customers and companies.
The purpose of efficient logistics management is to ensure maximum competitiveness and profitability for the entire network and supply chain of the company, including end-users. Various aspects of supply chain optimization include linking with suppliers, eliminating bottlenecks between sources, striking a balance between lower material costs and transportation, implementing timely techniques to improve production processes, maintaining the
Ferdinand Risco said Supply Chain is a network of business activities that brings products and raw materials from suppliers to end-users. Supply chains that rely on information technology for logistics and transportation include many different companies that are different components in the chain. But not a single company checks the bulk of its logistics for its products. Logistics, by definition, refers to the process of sourcing, transporting, and storing resources, and the supply chain is logistics.
Ferdinand Risco said Supply chain management refers to the process of monitoring and optimizing the entire supply chain network of raw material suppliers and finished products for retail production. The supply chain is the network between a company and its suppliers and customers, including transactions related to the conversion of raw materials into sellable products.
Supply Chain represents the connection and cooperation between suppliers, manufacturers, logistics companies, wholesalers, retailers, and end customers. A supply chain is a process that begins when an organization receives an order for a product or service and ends when the product is delivered to the end customer. The supply chain encompasses the activities of the people, technologies, information resources, and functional teams in the supply chain, including sales, procurement, procurement, production, logistics, and customer service.