Supply chain management (SCM) is the management of supply chain activities to maximize customer value and attain a sustainable competitive advantage. The basic definition of Supply Chain Management is the flow of goods as raw materials that is procured from the supplier to finished goods as delivered to the customer.
Just as any other business, SCM too is an ever-changing process. The actions of today, may not necessarily reflect the best practices for tomorrow. Transportation management systems solve the most basic but important problem in the logistics industry i.e. Poor coordination.
Third-party logistics (3PL) is a term given to businesses that handle the procurement, logistics, and fulfilment of products of an ecommerce store. In the last century, the product selling process involved two parties, manufacturers and suppliers.
Logistics is the word derived from the French word “Logistique”. It means the planning, organization, plan administration and arrangement for the transportation of goods from the origin to the destination. It is known the backbone of supply chain.
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