Global logistics and risk management
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What is involved in global logistics and risk management? What do we need to be aware of?
Course Material: Simchi-Levi, D., kaminsky, P., & Edith, S.-L. (2008). Designing and Managing the Supply Chain: Concepts, Strategies and Case Study. New York: McGraw-Hill Companies Inc
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Solution Summary
This response provides some basic discussion on logistics and supply chain management and risk management in this field.
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Global Logistics:
In present era, logistics and supply chain management is becoming the most vital element of the global economy. Institutions and businesses are becoming gradually more concerned about supply chain interruption and managing its risk at global level.
Supply Chain Management or Logistics management:
SCM can be defined as the process of planning and organizing the purchase of raw material and efficiently integrating the suppliers, manufacturers, warehouses and stores for managing the merchandise and distribution of right quantities ...
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