Regardless of the size of your particular business, supply chain management and logistics are crucial to your success. Logistics and supply chain management drive productivity by keeping things moving. Here is an overview addressing the importance of supply chain and logistics for motor solutions.
What is a supply chain and why is it important?
First of all, what is a supply chain? Your supply chain is your lifeline, it is the totality of what coming in and out in terms of physical and digital materials. Your supply chain encompasses everything involved in the process of getting things from the back end to the front end to the customer.
Everything from procurement to purchasing, distribution, and production relates to your supply chain.
Now that you know more about supply chains, it is time to talk about supply chain management. It is important to manage your supply chain like it is the lifeline of your business because it is.
Think about it, what would happen if just one link in your supply chain suddenly failed? For example, if your motor solutions fail to the point that you’ve got trucks loaded with products broken down and unable to restock your supply before customers pour in the next day, you’re going to lose a lot of money.
If you thought sitting overhead was bad, think about how much money would go up in flames every day that your products are stuck in transit.
When it comes to finished products, it is imperative to get them to your customers as fast as possible which is another reason why supply chain performance is so important.
Why is logistic time important?
Moving on to supply chain logistics, the first thing you should know is that timing is everything.
Products and supplies need to move fast. In today’s market, if it not moving fast, it not moving at all. Successful supply chain logistics takes speed, efficiency, and productivity. All of these things rely on motorized solutions to keep things moving to the places they need to go.
What is the Difference Between Logistics and Supply Chains?
Many people get easily confused by the difference between logistics and supply chains. This is understandable as the difference between the two is somewhat subtle.
The difference between logistics and supply chains is that the former revolves exclusively around the transportation, storage, and distribution of physical goods. Supply chains involve logistics as well as the movement of cash and information in addition to the movement of physical goods.
Logistics also involve warehousing, placing organizing, and receiving orders in terms of supplies, etc.
Motorized solutions are a huge part of running logistical operations and supply chains successfully. Motor solutions keep things moving, they keep the trucks moving, they keep the supplies coming in, and they keep everything rolling.
Keep your supply chain moving without missing a beat with Telco motors!
Here at Telco, we produce motorized products, but at the end of the day, we produce more than motors, we produce motor solutions. Our motors are dependable and more than capable of helping your supplies keep moving without missing a beat.
Take a gander at our vast selection of motors today!
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