Supply chain management and logistics are fast emerging as key focus areas in retail. Supply Chain Management is the integrated management of the flow of materials and products, services and information from raw material suppliers, through operations, to the final customer and back again. Supply chain management and logistics is an integral factor affecting cost. Effective management of the supply chain enhances profitability. Depending on the size of the organization, a job in supply chain management may involve analyzing and negotiating contracts with suppliers, manufacturers and/or distributors, capacity and production planning, resource allocation and facility location and scheduling the transportation and logistics of a product/service to its final destination.
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