supply chain logistics management comes into the focus. Supply chain management involves planning, organizing, implementing and monitoring all activities related to the supply chain.
When a highly efficient supply chain management system is in place, right results are seen in areas such as the availability of raw materials, processing of raw material into finished goods and their subsequent distributions. These activities take place on time and within set budget levels. In order to implement such an efficient system a company's management has to coordinate efforts with not just their employer but also with other trade partners in the supply chain.
Supply chain management involves managing the following areas of the supply chain:
An efficient supply chain management offer solutions in the following ways:
The ultimate purpose of supply chain management is to have a steady flow of inputs into the production unit, reduce the problem of excess inventories and reduce cost by cutting down on work process errors. In today's world companies are relying on supply chain management software to help them do this more efficiently.
Supply chain software is divided into two categories-
These software have gone a long way in reducing the costly and time consuming task of many supply chain tasks.