In this most competitive market, companies want to sustain for long run and logistics and supply chain management is one of the keys to its success. DMG Solution is presenting an overview of logistics management and supply chain management.
Supply chain management connects several processes of an organization and provides competitive advantages in the industry. Logistic stays within a supply chain which helps in the flow of products and services with information. Logistics aims at activities in the same company where supply chain aims at multiple enterprises such as suppliers, manufacturer and retailers.
Supply chain management:
Supply chain involves operations and procurements and plays an essential role to accomplish the needs, demands and enhance the responsiveness of the organisation as well as facilitates financial success. Supply chain aims at attaining competitive advantage for an organisation.
Logistics management:
Logistic management is an essential part of supply chain management. It primarily involves the requirement of customers and enhances the aspects of planning, strategy, implementation and therefore reducing the cost to provide maximum satisfaction to customers.
Controlling and planning activities:
Supply chain management involves the movement of raw material from the production level to delivery of goods to the service users. Companies adopt automated logistics and supply chain management processes for efficient impact on the bottom line.
Functions of supply chain and logistics:
Logistics and supply chain management enhances the service quality and by extracting of wastes, amplify productivity. DMG Solution provides best assignments to students on logistics and supply chain management.
- Planning:
Planning department works at the administrative level of the organization. They actually do the production planning from the manufacturing of the product in relation to the demand of the customer to purchase of raw materials.
- Purchase:
Purchasing department identifies customer’s requirement, identifies of the supplier, evaluate the needs and improve the drive constantly. First, the raw materials are received from suppliers, then the qualities are checked and then moved into the warehouse.
- Inventory management:
Inventory management ensures appropriate accounting, resist stock-outs and handle multiple locations. Lean logistics and supply chain management in the production process helps to develop long term relationships with customers and increase organizational performance.
- Production:
Production is the largest group within the organisation that handles a group of activities of the manufacturing process of the goods. The warehouse is considered a key functional area in overall planning and implementation of supply chain management.
- Packaging:
The packaging is used to protect the finished goods from damaging and helps in effective distribution of products to appropriate customers. The packaging is required as it is connected with the activities of production, marketing and logistics.Supply chain combines product innovation strategy, integrated logistics, product approach with forecasting demand, and it also put dealers and manufacturers in a great position that helps them to predict demand to make planning strategies accordingly. Hope this article by DMG Solution helped you to understand the importance of logistics and supply chain management for a successful business. Share your valuable opinions with us regarding this article. If you need to help with assignments, contact us as we provide the best quality assignments at an affordable price.