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Logistic management is basically that part of supply chain management in which there is planning, management and control of the effective flow of goods and services and their related information from the point of origin of goods to the point of customer sale with the aim of customer satisfaction of needs.

Supply chain management is a broad and integrating function that brings together the business functions and business processes within the organizations and across to bring a cohesive and high performing business model. Students doing this field of study can contact the assignment of BookMyEssay to secure high quality Logistics and Supply Chain Management assignment help across the globe.

We can also view supply chain management as integration of demand and supply management within and across the companies. It not only includes logistics management but also manufacturing, marketing, product design, finance etc.

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Brilliant Features of Supply Chain Management

Order management: This is one of the important features that come into company supply chain management model, a well-established order and billing system is what all companies would want and it will definitely make their life easier. Generally order and billing are centrally regulated ensuring flexibility so that unique and specific requirements can be met.

Inventory management : Then comes the management of inventory which means ensuring enough and timely supply of goods and services is there so that there is no delay when we need the same.

Forecasting: As a capability all companies need an effective and greatly accurate forecasts. To ensure this it is crucial to forecast keeping in mind some considerations and requirements. This is very important as correct forecasts will ensure right amount of raw material is available and at the right time.

Warehouse management: This is another important aspect since a well-managed warehouse is also very important so that necessary raw material and goods etc. can be stored there without any issues.

Ensuring mobility : This is another important thing to be kept in mind .unless there is integration, coordination and real time information to stakeholders the effectiveness will only be a distant thing.Students who learn this discipline need to make themselves well versed with various technical and operational aspects involved. The subject is so vast that they can hardly take out time to do assignments. To solve for this issue, BookMyEssay provides logistics and supply chain management homework and assignment help across the globe.

Essential Components of a Supply Chain Management

Planning being the primary component to ensure a strategy or a framework is there. We should know about the product, its demand, peak and valley seasons, storage needs, specific requirements etc. To create specific strategies or the plan we must know its specific manpower need, costing etc.

Information which flows like blood flows in our body. It makes the system breathe and function. Being informed and well aware about things, issues, products, markets etc. is very important to enable various decisions to be taken properly.

Source or the suppliers are of course undoubtedly an important part of the entire supply chain. The products are created with the raw material that are available to us from the suppliers. It is very crucial that right quality of items is available besides timely, cost effective benefits should be there.

Inventory which means the raw materials or any stuff needed for us to produce the goods and services must be available. It is crucial that we have the right quality of stock and its timely availability to have the production running basis the demand. We must know which technique to be used for inventory requirements and how to procure it.

Production makes another critical component which means the actual manufacturing for which all of the effort is happening. Right amount and timely production will only happen when we have the right materials and labour, technology to enable the process. Post production there has to be its packing , delivery etc.

Place or location, transportation is also one of the important components which has to be given focus. Unless you have a convenient location, transport with right facilities it won't be possible for the operations to be carried out.

Quality control and grievance redressed are coordinated efforts and have a lot to be dependent on each other. It is important to have right quality control measures in place.

All these are very crucial ingredient for a supply chain management system for any organization. Students need to study various aspects involved besides the nuances of the supply chain and logistics. The best Australian Writers team of BookMyEssay can also provide the required case study writing help for logistics and supply chain management.

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