Supply Chain Management: What is, Role of Logistics, Main Components And Its Benefit
Supply chain management is essential to a company's success. Developing a concept into a finished product is complex and involves many moving elements, and increased sales are directly proportional to how successfully a corporation handles this process. I'll go over supply chain management, the Role of logistics in Supply Chain Management Estimation , SCM Components, and its benefits in this blog. What is Supply chain management? Managing how goods and services progress from concept to raw materials to a finished consumer product is known as supply chain management. Retailers use supply chain management to keep track of product quality, inventory levels, timeliness, and costs. Shipping, warehousing, courier services, road/rail transportation, and air freight all fall under logistics. As consumer preferences shift toward digital purchases delivered directly to the customer, the most prominent retailers will become more involved in supply-chain management and logistics.