What is Supply Chain Management?

You must already have heard of Supply Chain Management, but do you know exactly what it means? In this article you’ll find out how the products you consume daily reach you.

You must already have heard of Supply Chain Management, but do you know exactly what it means? In this article you’ll find out how the products you consume daily reach you.

As you must already have noticed, the word chain tells you that it is a process, an order. Supply Chain Management is the set of activities that involve the production, storage and transportation of products or services. 

It’s called management exactly because for it to work perfectly it must be managed. And it begins with the purchase of raw material, then production, moving to storage, control of inventory, inventory management and ends with the transportation of the product to the hands of the final client, that is, you. 

The company localizes and selects the providers of the raw material for the manufacturing of its products, followed by the planning of consumption forecast in order to balance the demand and supply of the product, thus optimizing storage costs and reducing the risk of merchandise stranding. 

This standardization of alignment of the processes has as its main objective to connect the sectors of a company in order to make its strategic chain more productive and operational, facilitating its communication with its providers as well as with its clients, integrating the areas and improving the logistics performance of the company.   

It is important to highlight that logistics is not the same as supply chain. Logistics is an important part of the chain and consists of the internal control and the distribution of the products, whereas the supply chain monitors and coordinates the whole internal and external cycles, including the company’s logistics. Both must be in perfect sync for the process to succeed

FINK has a vast experience of the stages of the process that are the most important in a supply chain, for it offers all the resources of transportation, storage and information technology to implement the logistics integrated in the management of the supply chain, by choosing the best solutions in national and international transportation by sea, air and land, customs clearance, distribution, storage and moving of materials, and reception and dispatch activities.   

Read more about integrated logistics and customs activities in other articles in this blog:   

The simulation of complex logistics operations by using technological tools

Responsibility of Shipping Companies for Customs Activities

Offering clients omnichannel experiences that are safe and frictionless in physical and digital dominions in international moves

What “Phygital” Experiences are and why you want them even not knowing what they are

We pack, transport and store: know about FINK’s safe storage service 

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