What is supply chain and logistics?

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Accepted Answer

Supply chain and logistics refer to the management of the flow of goods and services from the point of origin to the point of consumption.

Supply chain involves the coordination and integration of various activities such as procurement, production, transportation, warehousing, and distribution.
Logistics focuses on the detailed planning, implementation, and control of the physical movement and storage of goods.
Efficient supply chain and logistics management ensures timely delivery, cost optimization, inventory control, and customer satisfaction.
Example: A company sourcing raw materials from multiple suppliers, manufacturing products, and delivering them to customers through a network of warehouses and transportation modes.

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