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A-Plus Industries, Inc.
Supply Chain Management
For as simple as it seems, Supply chain management is basically a business all its own. Some people think of it in and say oh, you mean logistics! Close but they still are not quite the same thing.
Supply chain management and logistics are related yes, but here are the differences.Supply chain management is the coordination and management of all activities involved in the production and delivery of a product or service, from the sourcing of raw materials to the delivery of the final product to the customer. It includes activities such as planning, sourcing, production, logistics, and customer service.
The global supply chain management market is expected to reach $15.5 billion by 2023, growing at a CAGR of 7.5% during the forecast period.Supply chain management can lead to significant cost savings for businesses. By streamlining processes, reducing waste, and improving efficiency, companies can reduce their overall expenses.Its also a critical component in the fight against climate change. By reducing transportation emissions, using sustainable materials and implementing green logistics, companies can significantly reduce their carbon footprint.Blockchain technology is increasingly being used in supply chain management to increase transparency and security. By using blockchain, companies can track their products from the point of origin to the final destination, making it easier to identify problems and improve efficiency.Supply Chain management also plays an important role in addressing social issues such as labor rights, human rights and fair trade, As supply chains have become more globalized, it is more difficult for companies to monitor their suppliers, which makes it more challenging to ensure that they are meeting their ethical obligations.Digitalization of supply chain management is becoming more prevalent. The use of technology such as artificial intelligence, IoT and automation, helps to increase efficiency and optimize the supply chain process.Logistics, on the other hand, specifically refers to the planning, execution, and control of the movement and storage of goods, services, and information from point of origin to point of consumption. This includes activities such as transportation, warehousing, and inventory management.In summary, logistics is a part of supply chain management, but supply chain management is a broader term that encompasses a wider range of activities.
If your company is a small 20 -30 man shop with a great idea, your product might be so good, that one day you will come into work and realize your going in nowhere, but youre doing it in 20 different directions. We can help establish what your goal is in regards to what it is you want to deliver, and we will help you get there in a timely efficient way. Call us, we are more than happy to discuss and offer a consult.