Supply chains are interconnected operations that help provide goods and services to consumers. The process involves converting source materials into end goods, transporting them, and distributing them to consumers. The supply chain includes producers, vendors, warehouses, transportation companies, distribution hubs, and retailers.
Supply chain management is vital to business operations. Numerous nodes in this chain require skill and knowledge. Supply chain management may cut costs and boost profits. A single chain link failure might affect the entire system, causing severe financial loss. Logistics is the supply chain segment that plans and manages the transportation, storage, and distribution of goods and services from source to destination. Logistics management begins with raw materials and ends with timely product delivery.
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