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[2] [3] A more narrow definition of supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally".
A warehouse in South Jersey, a U.S. East Coast epicenter for logistics and warehouse construction outside Philadelphia, where trucks deliver slabs of granite [1]. Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers.
A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them [1] to end consumers [2] or end customers. [3] Meanwhile, supply chain management deals with the flow of goods in distribution channels within the supply chain in the most efficient manner. [4] [5]
The Journal of Business Logistics is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the Council of Supply Chain Management Professionals (CSCMP), covering research and best practices in logistics and supply chain management.
Supply chain engineering is applied to all parts of supply chains, including: [3] [1] Authentication and tracking, such as via RFID technology; Financing; Demand forecasting; Facility location; Logistics for both goods and people. Transportation; Warehousing and inventory management; Pricing; Production and manufacturing
Global logistics and supply chain management are critical components of international business operations, ensuring the seamless flow of goods, information, and services across borders. This field involves the strategic planning, coordination, and optimization of all activities related to sourcing, production, distribution, and logistics on a ...