What Is Global Logistics and Supply Chain Management

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Description

Global logistics, in its simplest definition is the planning, execution, and management of the transit and storing of goods, services and information over the boundaries. It is the real world part of the process of a product being shipped out of a factory in one country and to a consumer a thousand miles away. In the meantime, supply chain management (SCM) is a wider approach. It does not just handle logistics but also procurement, production, distribution and customer relations - the key on which any successful business activity is based. Global Logistics and Supply Chain Management, when put together is a powerful ecosystem ensuring smooth flow, effective operations and economical international trade.