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Introduction to Logistics and The Supply Chain
Transcript of Introduction to Logistics and The Supply Chain
A supplier, also called a vendor, is a person or company that provides goods and/or services to other companies as one of the contributors to the development process on the way to the ultimate customer.
Supply Chain & logistics
Data and Technology
A manufacturer is a person or company responsible for designing and manufacturing a product with the purpose of placing that product in the market under his own name or trademark. It also applies to a person or company who assembles, packs, processes, or labels ready-made products and sells these under his own name or trademark.
A distributor is an entity that buys non-competing products or product lines, warehouses them, and resells them to retailers or direct to the end users or customers.
A retailer is a small or large for-profit business that sells products directly to consumers. Generally, a retailer can buy small quantities of an item from a distributor or a wholesaler.
Social Media Retail
Call Center Retail
A consumer is the one who uses a good or service that has been produced. Consumers are the final link in the supply chain.
Transportation provides the flow of materials, products and persons between production facilities, warehouses, distribution centers, terminals and customer locations.
Modes of Transportation
An inventory is an itemized catalog or list of materials and goods held by an organization to support production (raw materials, sub-assemblies, work in process), for support activities (repair, maintenance, consumables), or for sale or customer service (merchandise, finished goods, spare parts).
What is Inventory?
Popular Examples of Logistics Companies
A distributor is an active partner in selling the products of a company. He is like a business partner and promotes the products of the company of which he is a distributor.
A wholesaler buys products from the manufacturer in bulk and fulfills the requirements of the retailers in his area. He is not under a contract from the company, and does not assume any responsibility apart from supplying goods to the retailers at wholesale prices.
Equipment consists of the variables parts of a transportation network. This includes vehicles and containers.
Facilities are the fixed components of a transportation network. This includes ports, warehouses, terminals, tracks.
Data sharing and collaboration can improve demand forecasting, inventory management, marketing, production planning.
Manpower consists of the people that are involved in transportation-related or transportation supportive functions.
A warehouse is a large building where raw materials or manufactured goods may be stored before their export or distribution for sale.