Logistics and Supply Chain Management (LSCM)

Logistics and Supply Chain Management (LSCM) involves coordinating the flow of goods, information, and resources from raw material suppliers to the final customer. It ensures products are produced, transported, stored, and delivered efficiently and cost-effectively. This includes planning inventory levels, managing transportation, warehousing, and tracking shipments, all while minimizing delays and costs. LSCM aims to optimize the entire process, improving customer satisfaction and competitive advantage by ensuring the right products reach the right place at the right time. It’s a strategic approach that integrates various activities to streamline operations and boost business performance.