SUPPLY CHAIN & LOGISTICS
Supply chains have existed for a long time but many organisations have only recently understood, much less managed the entire chain of activities that ultimately delivered products to the final customer. The result was disjointed and often ineffective supply chains.
Most companies now actively manage their supply chain activities in order to maximise customer value and achieve a sustainable competitive advantage. It represents a conscious effort by companies to develop and run supply chains in the most effective & efficient ways possible. The organisations that make up the supply chain are “linked” together through physical flows and information flows. Physical flows involve the transformation, movement, and storage of goods and materials.
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