Supply Chain Management and Logistics: How Important Interconnection Is for Business Success ()
ABSTRACT
The seamless connection, between logistics and
supply chain management plays a role in the
success of businesses operating in today’s changing global marketplace. The
purpose of this study is to explore the synergies between these two areas
focusing on their link and how they contribute to operational effectiveness and
efficiency across different industries. To ensure cost-effective
fulfillment supply chain management relies heavily on logistical operations
that encompass everything from sourcing raw materials to delivering the final
product. This paper delves into the intricacies of this interconnection
highlighting the significance of collaboration integrating technology sharing
real-time data and strategic planning. Furthermore, we will demonstrate how
aligning supply chain management and logistics harmoniously fosters agility,
resilience, and responsiveness. By utilizing case studies and factual evidence, we will illustrate how these interconnected disciplines enable
adaptability to market changes while enhancing customer satisfaction and
gaining an edge. Ultimately, this report asserts
that the interdependence between logistics and supply chain management serves
as an enabler for company success in a complex global landscape with high
demands. The insights presented in this article aim to benefit practitioners,
policymakers, and researchers by providing an understanding of this
relationship while paving the way, for innovation, growth, and sustainability
in today’s world.
Share and Cite:
slam, M. , Monjur, M. and Akon, T. (2023) Supply Chain Management and Logistics: How Important Interconnection Is for Business Success.
Open Journal of Business and Management,
11, 2505-2524. doi:
10.4236/ojbm.2023.115139.
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