THE IMPROVEMENT OF LOGISTICS AND SUPPLY CHAIN MANAGEMENT IN FAN MILK PLC IN NIGERIA
Keywords:Logistics management, Supply chain management, improvement
Logistics and Supply chain management (SCM) is one of the fastest expanding industries in the world, with over a billion individuals. SCM experts are concerned with the correct supply chain architecture to efficiently serve clients (via improved customer service) (at low costs). Obtaining this is tough currently due to issues such as raw material scarcity, government policies, and increased unpredictability on both demand and supply sides. Managing uncertainty is crucial in supply chain design. According to Lovejoy (1998), a corporation can deal with uncertainty by maintaining a safety inventory, maintaining a safety capacity, or reducing variability by using more information and technology. As a result, the supply chain's decision-making methods must be adaptive. This report will examine methods to improve supply chain performance at Fan Milk Plc by analyzing present conditions. It will also conduct a SWOT analysis to assess the company's potential for growth. According to the study's findings, if Fan Milk Plc improves supply chain management, it may be able to optimize profits. A large investment in agriculture would not only provide alternative raw resources but also assist the firm maintain market dominance.