Image for 1. Global Supply Chain and Logistics Management

1. Global Supply Chain and Logistics Management

Global Supply Chain and Logistics Management refers to the coordinated process of sourcing, producing, and delivering goods across international borders. It involves planning and managing all activities that transform raw materials into finished products and transport them to consumers. This includes transportation, warehousing, inventory management, and distribution. Effective supply chain management ensures that products are available when and where they are needed while minimizing costs and maximizing efficiency. In a globalized economy, it also deals with complexities like regulations, cultural differences, and fluctuating market demands to ensure a smooth flow of goods worldwide.