By definition, logistics refers to the processes of sourcing, transporting and storing resources within the supply chain and logistics. The supply chain is a network of companies and activities that receive the product from raw material suppliers to end consumers.  A supply chain that depends heavily on information technology, logistics and transportation may involve many different companies that have different links in the supply chain, or one company may manage most of the chain in the supply and logistics of its products. Logistics and Supply Chain Management Assignment Help is provided by BookMyEssay to those who want to learn this subject in more detail from the experts.

Brief About Supply Chains And Logistics

Logistics

A logistics function in business is the process of moving products between points of origin and consumption so as to meet the needs of customers and corporations. Logistics can manage physical resources like food, materials, animals, machines, and liquids, in addition to abstract resources like time and information. Physical products require a number of logistical functions, including information flow, material handling, production, packaging, inventory, transportation, and warehousing.

It is often unclear how logistics differ from supply chains. Now, logistics is generally understood to refer to activities within one organization or company related to product distribution, while supply chain includes manufacturing and procurement and thus has a much broader focus, because it involves multiple organizations, such as suppliers, manufacturers, and retailers, working together to meet the needs of a customer.

Logistics can be described as the process of delivering the right product at the right time, at the right place, at the right price, and in the right condition at the right time to your customers. A logistics manager will be responsible for managing inventory, purchasing, transportation, and warehousing, as well as planning and organizing these activities. Depending on where the logistics focus is (inbound or outbound), it may be internal or external. These are all Assignment Writing Tips that you must go through.

Supply Chain

Supply chains vary in complexity according to the size of the business and the complexity and quantity of the items manufactured, but they tend to share certain elements, such as the following:

  • Creating a production plan for the products to fulfill customer orders is the responsibility of the planning department. Raw materials must be purchased by the company in order to manufacture the products.
  • A customer’s decision to buy a product that a company is selling initiates the chain of events. The sales order will include a requirement for the production facility to be fulfilled if the product has to be manufactured. Assignment Proofreading Services is now available at BookMyEssay
  • Raw materials and services required for the production department to complete a customer order are supplied by the purchasing department.
  • Inventories: Raw materials are received from the suppliers, checked for accuracy and quality, and then placed into warehouses.
  • Raw materials are moved to the production area according to a production plan. A customer orders these raw materials, which are then used to make their finished products, which are then shipped to their warehouses.
  • In the shipping department, the most efficient way to deliver the product to the customer is to be determined when the finished product arrives in the warehouse.

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