The Logistics of Global Trade & Commerce
Smooth Flow of Goods & Merchandise

Supply Chain | Definition and Objectives

Supply Chain Logistics

Supply Chain can be viewed as a network connecting a business to its suppliers and distributers to facilitate the production, processing, and distribution of its products to the consumers. The supply chain also incorporates the entire logistical system to deliver its products or services from its facilities to the market.

The objective of developing an effective supply chains is to reduce the costs and time components to gain a competitive advantage over its business competitors. Supply chain management is a crucial function of a business operation as a well organized and well managed supply chain delivers lower costs, a faster production cycle, and well tuned interrelationships with the business partners.

To communicates with the business partners, logistic service providers, and to understand the documentations, a good grip on the glossary of Shipping, Logistics, and Supply Chain becomes quit handy.

The function of supply chain starts with the projections of demand generated by the internal sales and marketing division or with receiving the purchase order from customer. A well designed and managed supply chain incorporates the entire process of procurement, product development, marketing, distribution, financing arrangements, and other support services.

The supply chain logistics incorporate the entire process of developing the finished product—From the raw materials to finished products, and transporting and distributing the finished products to the consumers.

Integration of Supply Chain and Logistical Management Systems

Global Trade & Supply Chain Logistics Management.

The logistics of getting the goods delivered to faraway destinations—especially to foreign markets, is a complex business. It requires the services of outside entities to facilitate the task.Supply Chain Management is, in fact, incorporates the entire Logistical Management System as its essential component. A comprehensive logistical management subsystem integrates the sequences of all activities; from delivery of raw materials to the manufacturing facilities to delivery of the finished product to the customers.

Each of those logistical activities add ’value (cost)’ to the business operation. An efficient supply chain/logistical management system must incorporate a process of regular review-and-analysis of each of these activities—along with their associated measurable components in terms of cost and time. ‘Just-in-Time’ production methodology is a typical value–added example of supply chain management used with the objective of reducing ‘times’ within the production system as well to cut the response times from suppliers and to customers.

The service providers and business partners involved in the supply chain include part-suppliers, contract manufacturers, assembly lines operators, freight forwarders, vendors, warehouses, distributors, and, finally, the retailers.

The sole objective of developing an efficient supply chain is to produce the products or services and get them delivered to the customers in the most efficient and cost effective way.

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