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Optimize Your Operations: How Logistics & Supply Chain Management Work Together The logistics market could hit $12.256 trillion by 2027. Having an efficient supply chain is key for businesses to compete and meet customer needs. Every step in the logistics process is crucial for smooth operations and happy customers. This post offers insights to improve your supply chain and boost efficiency, whether you're new or experienced in logistics.     Understanding Logistics and SCM Basics of SCM Supply chain management involves overseeing the flow of goods and services from the point of origin to the final destination. Effective SCM ensures products are delivered to customers in a timely and cost-effective manner. This process includes planning, sourcing, producing, delivering, and returning products. A well-structured supply chain is crucial for businesses to meet customer demands efficiently. Key components of a supply chain include suppliers, manufacturers, warehouses, retai...