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However, implementing technologies such as GPS tracking and real-time shipment visibility also improves logistics efficiency. OrderFulfillment Times Monitoring order processing times from order placement to delivery, including order entry, picking, packing, and shipping.
It also involves inventory management, orderfulfillment, and monitoring stock levels. Transportation: Transportation plays a pivotal role in supplychain management. The supplychain management process consists of several interconnected steps that collectively ensure the smooth flow of goods and services.
To varying degrees, logistics management functions include customer service, sourcing and procurement, production planning and scheduling, packaging, and assembly. We have used the term “SupplyChain” here as well but it is also notable that there are differences between SupplyChain and Logistics Management as well.
These automated facilities not only optimize the handling and movement of goods but also enable faster orderfulfillment and replenishment. By sharing real-time sales data and demand information, CPFR enables accurate forecasting and demandplanning, minimizing information distortion, and promoting synchronized inventory replenishment.
This leads to less effective performance of the supplychain which are influenced by poor demandplanning and management, high operating cost due to excessive inventory, high product return rates and poor SKU service levels due to stock-out. Visibility & Exception Interface.
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