The Next Revolution in Supply Chain Management: In the first revolution, the concept of supply chain, as opposed to logistics, was put forth. Constraint based optimization tools for the extended supply chain were developed to support the new philosophy. As this was going on, Lean and Six Sigma approaches to improving capabilities, not just at…
The success of an organization is greatly dependent on how efficient its Supply Chain Management is. Supply Chain Management involves purchasing, operations, distribution and integration. As Supply chains become more complex, it means dealing with multiple vendors to coordinate, allowing redundancy and inefficiency to creep in easily. This is where Third party Logistic (3PL) providers…
Logistics World: Logistics is comparatively a new term, but not the operation. It has existed since the beginning of civilisation. Logistic is the science of planning, organising and managing activities that provide goods or services. It is the use of the resources necessary to sustain the operation of a system. Logistics can be defined in…
