Supply chain management is a wider concept
than logistics
Logistics is essentially a planning orientation and framework that seeks to create
a single plan for the flow of products and information through a business. Supply
chain management builds upon this framework and seeks to achieve linkage and
co-ordination between the processes of other entities in the pipeline, i.e. suppliers
LOGISTICS & SUPPLY 2 CHAIN MANAGEMENT
It is only in the recent past that business organisations have come to recognise
the vital impact that logistics management can have in the achievement of
competitive advantage.
LOGISTICS, THE SUPPLY CHAIN AND COMPETITIVE STRATEGY 3
and customers, and the organisation itself. Thus, for example, one goal of supply
chain management might be to reduce or eliminate the buffers of inventory that
exist between organisations in a chain through the sharing of information on
demand and current stock levels.
It will be apparent that supply chain management involves a significant change
from the traditional arm’s-length, even adversarial, relationships that so often
typified buyer/supplier relationships in the past. The focus of supply chain management
is on co-operation and trust and the recognition that, properly managed,
the ‘whole can be greater than the sum of its parts’.
The definition of supply chain management adopted
Supply chain management is a wider concept
than logistics
Logistics is essentially a planning orientation and framework that seeks to create
a single plan for the flow of products and information through a business. Supply
chain management builds upon this framework and seeks to achieve linkage and
co-ordination between the processes of other entities in the pipeline, i.e. suppliers
LOGISTICS & SUPPLY 2 CHAIN MANAGEMENT
It is only in the recent past that business organisations have come to recognise
the vital impact that logistics management can have in the achievement of
competitive advantage.
LOGISTICS, THE SUPPLY CHAIN AND COMPETITIVE STRATEGY 3
and customers, and the organisation itself. Thus, for example, one goal of supply
chain management might be to reduce or eliminate the buffers of inventory that
exist between organisations in a chain through the sharing of information on
demand and current stock levels.
It will be apparent that supply chain management involves a significant change
from the traditional arm’s-length, even adversarial, relationships that so often
typified buyer/supplier relationships in the past. The focus of supply chain management
is on co-operation and trust and the recognition that, properly managed,
the ‘whole can be greater than the sum of its parts’.
The definition of supply chain management adopted
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