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Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.
A supply chain, sometimes expressed as a "supply-chain", [1] is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them [2] to end consumers [3] or end customers. [4] Meanwhile, supply chain management deals with the flow of goods within the supply chain in the most efficient ...
A warehouse in South Jersey, a U.S. East Coast epicenter for logistics and warehouse construction outside Philadelphia, where trucks deliver slabs of granite. Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers.
Management accounting in supply chains (or supply chain controlling, SCC) is part of the supply chain management concept. This necessitates planning, monitoring, management and information about logistics and manufacturing processes throughout the value chain. The goal of management accounting in supply chains is to optimise these processes.
The Certified Professional in Supply Management (CPSM) is a globally recognized professional credential offered by the Institute for Supply Management (ISM) [1] Being certified as a CPSM indicates the holder has achieved mastery of supply management’s core competencies. [2] [3] The certification program’s emphasis on strategic supply chain ...
World oil reserves as of 2013. The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines ), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol).
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