Supply Chain Management Process
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Each phase of a product's movement through the supply chain operation management has its processes. The first process of supply chain management is to find out customers' needs, which is the early stage of supply chain planning.
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Two primary categories of of supply chain performance management are supply chain planning and supply chain execution.
Importance Of Supply Chain Management
Effective logistics management and supply chain managed services can create important impacts on enterprises and consumers. Logistics management and supply chain management can help enterprises improve customer satisfaction by ensuring the products are available to customers at the right location and suitable time. Moreover, strategic supply chain management can also help companies decrease operating costs by reducing the cost of joint quality management, purchasing, and production in the supply chain.
Logistics VS Supply Chain Management
Even though people are often confused with logistics and supply chain management, these two terms are actually two different concepts. Logistic management is a very important component of supply chain management. Logistics involves activities such as packaging, transportation, distribution, warehousing, and delivery in the supply chain system. While supply chain management manages a wider range of activities. Therefore, supply chain management includes the process of procurement, production, and purchasing, and involves in different fields, such as the in-service sector, pharmacy, pharmaceutical industry, manufacturing industry, hospitality industry, food industry, and construction industry.
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