Expiration date: 25 Sep 2018
Because logistics and supply chain is a multidisciplinary graduate career, those working in it need to understand the whole process even if you’re only concerned with one aspect. It mainly focuses on :
1. Sourcing: finding the required resources (eg raw materials) and making sure they’re the right quality and available at the right time; getting quotes from suppliers and negotiating to keep costs as low as possible.
2. Transportation: using the most efficient means to transport items from the supplier to the site where they’re needed.
3. Storage: keeping items so that they’re accessible when needed. It’s more efficient to supply items ‘just in time’ (JIT), as storing them for a short time requires less space.
4. Production: creating the product as efficiently as possible to meet demand on time and without leftovers. This may involve managing staff and/or equipment.
5. Storage: storing the finished product until it can be distributed – again, it’s more efficient to hold stock for a short time.
6. Distribution: transporting products to customers and clients in the most efficient manner.
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