MANAGEMENT

Detailed explanation-1: -In supply chain management, logistics are responsible for the movement and storage of goods and services, along with the documents and reports that record those movements throughout an item’s journey to the customer.

Detailed explanation-2: -A supply chain analyst or specialist makes sure the company’s supply and consumer demand are balanced. They are responsible for managing the company’s supply networks, guaranteeing prompt delivery, and maintaining financial accountability.

Detailed explanation-3: -Supply chain management (SCM) is the centralized management of the flow of goods and services and includes all processes that transform raw materials into final products. By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster and more efficiently.

Detailed explanation-4: -Its role is to provide a steady supply of goods to the market to fill the temporal gap between producers and consumers. It also plays an important role in maintaining quality at warehouses and logistics centers and value of products.

Detailed explanation-5: -Logistics management is that part of the supply chain which plans, implements and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers’ requirements.