Parcel Monitor: Introduction to Supply Chain Management

You may have heard the term "Supply Chain Management" thrown around before, but what does it actually entail? And what is the role of logistics in the whole process? 

According to Parcel Monitor, Supply Chain Management (SCM) is the orchestration and management of the flow of materials, goods and services from point of origin to point of consumption. In other words, it's the process that ensures your supply of products stays consistent, no matter what. In order to maintain a well-functioning supply chain, it's essential to have a clear understanding of the essential concepts and principles involved in the process.

When it comes to SCM, an ounce of prevention is worth a pound of cure. By taking the time to understand the basics of SCM, companies can help to prevent problems from happening in the first place. And if a problem does occur, they will be in a much better position to address it quickly and effectively.

Check out the full article here to find out more.