Driving Efficiency and Cost Savings in Your Supply Chain
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SUPPLY CHAIN :
The three key indicators of a well-functioning supply chain are:
Demand forecast accuracy: Difference between forecasted demand and actual demand. The ability of a supply chain to respond to customer demand is the most significant factor and functions as a predictor of successful delivery throughout the chain
Perfect order fulfillment: orders which are complete, accurate, on time and in perfect condition
Supply chain cost, combining all sourcing, production, distribution and customer service costs.
LOGISTICS:
In business, logistics may have either an internal focus (inbound logistics) or an external focus (outbound logistics), covering the flow and storage of materials from point of origin to point of consumption (see supply-chain management). The main functions of a qualified logistician include inventory management, purchasing, transportation, warehousing, consultation, and the organizing and planning of these activities.
Logisticians combine professional knowledge of each of these functions to coordinate resources in an organization.
