Generally, logistics is a word that refers to the activities that happen within the boundaries of a single organization while on the other hand, a supply chain is a word that refers to the company’s network that works together to deliver products and services into the market.
What do you mean by logistics and supply chain management?
Supply chain management
It is the process of managing the movement of raw materials starting from production until the delivery of the products. Supply chain management includes the planning and execution of all the processes that are involved in the journey of products of a business. It includes how and where the products will be manufactured but also it includes the distribution of the products into hands.
Logistics
The term logistics is the transportation of raw materials and products within the boundaries of an organisation. It involves managing the storage, equipment and other personnel to get the material at the right point and to deliver the product at the right point.
What are the benefits of logistics and supply chain management?
It is a series of processes that involves the efficient flow of raw materials, parcels and goods from the origin to the end customer.
What are the core activities?
The core activities of the process involve order fulfillment, inventory management, packaging, predicting patterns of supply and demand, warehousing and so on.
Benefits of supply chain management!
In today’s business, supply chain management is important. It provides several benefits and advantages. There are multiple benefits of supply chain management such as decreased inherent risks, higher customer satisfaction, improved efficiency, cost-effectiveness and much more.
• High-efficiency rate
When your business works in cooperating with the supply chain then you will be in a great position to know the demand. When your business implements a supply chain management system then it can adjust dynamically to fluctuate economies with shorter product life cycles.
• Decrease cost-effect
One of the main benefits of supply chain management is the decreased cost in different areas. The most important benefits are the improvement in the inventory system, reduced cost of logistics, improved system responsiveness to customer requirements and so on.
• Get the increased output
Supply chain consultation allows improvement in communication which results in the main advantage of supply chain. This allows proper coordination and collaboration with the other shipping companies and suppliers making the process of delivery of products and services more efficient.
• Get an increased profit for your business
When you open your business to new technologies then this increases the profit level of your business. Also, the core purpose of your business is to make a profit and this allows you to do this.
• It boosts the corporation level
Corporation is one of the most important benefits of your business. With the lack of communication skills, vendors and distributors will not have any idea what is going on there. Therefore, the services become weak and you will not get a good level of customer satisfaction.
The advantages of supply chain consultation are no ending with no delays in processes, an enhanced network of the supply chain, protection from loss and damage of the products and so on.