Global Logistics and Supply Chain Management

A supply chain refers to a system of people, activities, organizations, resources and information that are involved in the movement of a product or service from a supplier to the end customer. The activities in a supply chain involve the transformation of raw materials, natural resources and components into the finished product. In special supply chains, the used products can re-enter the supply chain when the residual value is recyclable. There can be different types of supply chain models that address the upstream and downstream aspects of supply chain management. The Supply Chain Operations Reference (SCOR) model is the cross-industry standard measuring total supply chain performance. It includes the parameters of production flexibility, delivery and order fulfillment performance, inventory and asset turns, etc. Supply chain logistics are two closely related aspects of any business. Logistics management is generally regarded as a sub-discipline of supply chain management. This book provides comprehensive insights into the field of logistics. Most of the topics introduced herein cover new techniques and the applications of supply chain management. This book, with its detailed analyses and data, will prove immensely beneficial to professionals and students involved in this area at various levels.