The Management Of Business Logistics
Logistics and supply chain management emerged in the 90s as a result of an accelerated rate of change in the global economy, but particularly in the US. The transition from growth to mature markets generated more sophisticated and more demanding consumers, who shifted the economic power towards the end of the supply chain. In addition, several industries were deregulated, while globalization and the advancement of technology raised the significance of supply chain management as a strategic tool for competitive advantage.
Supply chain management focuses on the integration of three key flows across the boundaries of the organization in a supply chain. Successful integration or coordination of products/materials, information, and financials/cash through planning, implementation and control of the effective flow and storage of these flows between the point of origin and the point of consumption, improves the efficiency and effectiveness for organizations and boosts the economy. sante.