Procurement Magazine October 2024 | Page 91

Logistics and Distribution To maximise service levels , minimise costs and guarantee that goods are delivered to the customers from the suppliers , companies must ensure they have efficient logistics and distribution services . In order to do this and provide value to stakeholders and customers , companies have to integrate coordination and strategic planning across their supply chain .
Supplier Relationship Management Companies must discover the importance of establishing stable relationships with their suppliers by focusing on efficient improvement , collaborating , risk mitigation and performance management . By doing this , organisations can gain a competitive advantage , drive innovation and improve the resilience of their supply chain . procurementmag . com 91