THE OPTIMAL ROLE OF OPTIMAL INVENTORY IN SUPPLY CHAINS AND BUSINESS

Logistics is the flow of material, information, and money between consumers and suppliers. Accordingly, there is physical logistics, digital logistics, and fiscal logistics. The supply chain for a given enterprise is the set of enterprises, systems, facilities, vehicles, and transportation infrastructure connecting the suppliers’ suppliers to the customers’ customers for that specific enterprise. To use a sports analogy, the supply chain is the stadium and logistics is the game! Supply chain flow is optimized when material, information, and money flow simultaneously, in real time, and without paper.

WHAT IS SUPPLY CHAIN LOGISTICS?

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