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Supply Chain Management
Supply chain Management -Is a relatable new term however replacing logistics with supply chain in real life . Supply chain management is more comprehensive term acting more like umbrella under which logistics, material handling ,transportation or oder processing come under.
EXAMPLE
Lets assume you want to cook or prepare make Biryani and just decide for lunch its 9:40am and you have other things to do and don't have time to go market .
What will you do ?
Whatever spices is required we ordered it and prepared and it was nice , what comes in your mind and you want your neighbour family to deliver them.
What all steps comes into picture for delivering it within 2 km distance ?
Packaging the Biryani and you will go personally with some transportation and through the entire journey you are ensuring your item is not leaked .
Here we are not seeing movement but trying to combine all the steps together to complete the order or deliver.
Meaning -It is a comprehensive system used to transfer goods and services from raw materials to final customers through a systematic flow of information and physical distribution of goods and services . It is network of persons , firms , facilities , activities and technologies used for production and sale of goods and services.
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