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A warehouse in South Jersey, a U.S. East Coast epicenter for logistics and warehouse construction outside Philadelphia, where trucks deliver slabs of granite [1]. Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers.
An important element of SCM is supply chain resilience, defined as "the capacity of a supply chain to persist, adapt, or transform in the face of change". [56] For a long time, the interpretation of resilience in the sense of engineering resilience (= robustness [ 57 ] ) prevailed in supply chain management, leading to the notion of persistence ...
The term "logistics" applies to activities within one company or organization involving product distribution, whereas "supply chain" additionally encompasses manufacturing and procurement, and therefore has a much broader focus as it involves multiple enterprises (including suppliers, manufacturers, and retailers) working together to meet a ...
When managing a global supply chain, it is important to place emphasis on logistics performance as there has been an increase in business-to-business international marketing. [6] Logistics is inherently difficult and complex for a global supply chain as it deals with trade regulations, shipping distances, and cross-currency issues. Companies ...
The tasks and functions of controlling may be transferred to management accounting in supply chains, supplemented by a cross-company approach. However, the past-oriented aspects of the traditional concept are inappropriate. Due to the strategic importance of supply-chain management, forward-looking control requirements must be taken into account.
Global supply-chain governance becomes more efficient with greater integration both internally and externally. Internal integration is defined as integration within a firm’s boundaries whereas external integration occurs "between a firm and its external partners, which highlights the importance of buyer/seller cooperation."
Supply chain engineering is the engineering discipline that concerns the planning, design, and operation of supply chains. [1] [2] Some of its main areas include logistics, production, and pricing.
Logistics engineering as a discipline is a very important aspect of systems engineering that also includes reliability engineering. It is the science and process whereby reliability , maintainability , and availability are designed into products or systems.