Overview of Logistics and Supply Chain Management
This video overview of logistics and supply chain management will demonstrate to you in basic terms the process of supply chain management from start to finish.
Watch the video to learn more!
There are five principal steps to a supply chain. These are:
- Sourcing materials
- Refining them into basic parts
- Assembling these parts into products
- Selling the products to customers
- Delivering the product
Managing all of these aspects of a supply chain are traditionally done through manual paper-based processes, but more recently cloud systems have taken precedent as the solution of choice.
Many organizations still operate with older, legacy systems, which can lack the flexibility and scalability desired by companies today.
What Happens When There Are Supply Chain Disruptions?
The onset of the pandemic caused supply chain disruptions all over the world and opened the eyes of many to just how fragile existing chains can be and how exposed they are if they lack the means to respond effectively.
This is where modern technology solutions like enterprise resource planning (ERP) systems come in.
ERPs can be integrated with supply chain management (SCM) modules, which allow an overview of logistics and supply chain management for businesses to then use to inform their decision making process at any point in the chain.
Data is fed to stakeholders in real-time, regardless of location.
If there is disruption in sourcing, inventory, or supplying, for example, these can be automatically flagged immediately, giving stakeholders the time and opportunity to react to sudden change.
In short, a modern organization needs a modern approach to managing their supply chain and the technology implementations in order to facilitate this.
If you would like to learn more about supply chain management, get in touch today.