What does the term "logistics" encompass, and what is the difference between logistics and supply chain management?

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Logistics represents the flow of goods, money and information between the supplier and the customer. You probably know that it has different branches, such as purchasing and inventory management logistics, production logistics, warehousing, transportation, etc. Over time, people have realized that if they manage this flow properly, they can be more flexible, better adapt to customer wishes, improve processes, reduce costs, etc.

What is a supply chain and why is its proper management crucial for a successful business?
The most important and crucial factor for competitiveness is the flexibility of the ivory coast phone number data company, or the ability to adapt. The supply chain can be seen as a system of interconnected business processes.

For a successful business, close cooperation between individual links in the chain, a very good orientation in current market trends and, above all, knowing the wishes of your customers and your target group are essential. These conditions need to be constantly analyzed, and supply chain management is nothing more than adapting the structure, flows and strategy of the company to be as effective as possible.

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«Project management from A to Z»

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How is the role of information technology changing in logistics and supply chain management?
The role of information technology is changing over time and is gaining increasing importance; one could say that it ranks on the same level of importance as the flow of materials and goods.

That is why we can see wireless communication in modern companies, increasingly paperless handling of various logistics operations. In short, it is only with the advent of information and communication technologies that logistics in the area of ​​data processing, storage and distribution comes into order, and data is a real support for logistics processes.

To manage a supply chain, and to manage anything in general, you need information. You simply cannot do without it. It should be accessible, of high quality, and, most importantly, understandable.