Logistics and supply chain management have a great scope because of the growing integration and complexity of supply and distribution systems worldwide.
Take a close look at our personal belongings. Pens and mobile phones from China, T-shirts and sneakers from the U.S., tea from Sri Lanka. The fabric of the modern world is woven from goods that have been flown, shipped or trucked from places that are thousands of miles away.
The journey that a product undertakes, from a producer to a wholesaler and from there to a retailer, shows the resilience of a long and efficient supply chain. It could be said that today most firms do not compete on price but on efficiencies of their supply chains. The growing importance of supply chain means the movement of goods is as important as its price. Logistics is the management of the flow of goods and services between the point of origin and the point of consumption in order to meet the requirements of customers. The work of the companies involved in logistics include information, transportation, inventory, warehousing, material handling, and packaging, and often providing security. Businesses in logistics are possible only with a large-scale human effort. A Logistician’s work includes managing, planning, documenting, coordinating and executing the delivery of materials (raw, semi-finished and finished) from the available place to the place the customer demands, within the specified time utilizing optimum resources including men, storage, space, packing, handling equipment, information systems and transporting means.
The material supply logistics involves a chain of actions beginning from generating demand, procurement of materials and supply of material from vendors and goes through processes such as approval and acceptance payments to the suppliers and issue stocks to the Intender. The process has to be considered as a chain of activity with each stage having an impact on price/ cost of material supply. Courier companies which entered business by delivering packets and letters have grown into logistic companies with global reach. Some of these companies have grown so big that they have their own fleet of cargo vessels or jets. We at SCM Hub Provides the best Training for MBA Logistics, BBA Logistics, MBA Supply Chain Management and PG Diploma Courses in Logistics.