What is Logistics and Supply Chain Management?

By Steven Galvin - Last update

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What is Logistics and Supply Chain Management? Logistics and supply chain management refers to the overall coordination, operations, and optimization of the flow of goods, data, and finances related to a product or service—from sourcing raw materials all the way to delivering the final product to end consumers.

What is Logistics and Supply Chain Management?

  • Logistics – The physical flow of materials through a supply chain including transportation, warehousing, materials handling, and inventory management. Responsible for moving resources.
  • Supply Chain Management – Oversees and orchestrates the full spectrum of end-to-end supply chain activities including purchasing, manufacturing, logistics, sales, marketing, and coordinating with all players. Focuses on strategic alignment, efficiency, and planning.
  • Sourcing and Procurement – Strategic acquisition of goods and services at optimal price, quality, reliability and speed to meet demand. Includes vendor evaluation, contracting, purchasing.
  • Manufacturing Planning and Execution – Production scheduling, equipment oversight, quality control, work in process monitoring to optimize fabrication of goods per specs.
  • Order Fulfillment and Delivery – Receiving customer orders and facilitating accurate shipment via pick/pack, transportation, returns and ensuring flawless customer experience.
  • Data Analytics and Automation – Supply chain analytics utilizes data mining and dashboards to derive insights for performance improvements, risk reduction and integrating emerging technologies like AI/ML to enable progressive capabilities.

The overarching goals span enabling faster turnaround times, cost controls, flexibility, superior customer service and experience through symbiotic functions.

Explore Logistics and Supply Chain Management Courses In Ireland here

Steven Galvin

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