Bringing Efficiency to Our World
What is logistics and supply chain? Supply Chain and Logistics Technology is managing (planning and executing) the flow of materials, their transformation into finished goods, and their ultimate delivery as finished goods to the final buyer.
Its primary areas of operations include inventory, transportation, production, and procurement and the information flow to facilitate these activities.
Why are Dell and Wal-Mart so successful? It's because of the understanding and execution of effective logistics operations. They understand how each part of the supply chain interacts with each other. Do you buy more supplies at a lower price and store them or do you buy less, pay more, but have less inventory and storage costs? Do you ship via air or truck? Do you buy from China or Mexico? What works best for each situation?