The era of global marketplaces that are driven by speed, innovations, and customer centricity, have demanded that modern businesses enhance their focus on core competencies in order to survive and flourish. Typically, competency can be defined as one of the traditional functions such as production, engineering, sales, or finance, around which organizations were formed in the past.
However, today competencies tend to be a set of skills that cut across traditional functions and drive the key differentiators for successful businesses. Logistics and Supply Chain is one of the core traditional business functions that not only demands huge resources for management and co-ordination but also incurs heavy costs.
