See the description Essay Example | Topics and Well Written Essays - 500 words

See the description - Essay Example It is through these processes that the supply chain gets completed and helps to meet the demand of the consumer. When managed properly these stages help the firm to minimize costs and maximize profits. Firms like United Price Service (UPS) and FedEx are a very important part of the supply scale. They are a vital component in the distribution of products and services of a firm and help to contribute to supply chain improvements. Supply chain improvement is required for the better functioning of the firm as it helps them to stabilize their costs and satisfy their consumers. Some important areas in the supply chain improvement are: process, measurement, information management and technology (http://www.intercai.co.uk/library/pdf/supply_chain.pdf). For this the factors important are the velocity by which the supply chain functions to transport the end product to the consumers. Also what is important is that the product reaching the consumer is correct and meets the customer’s needs on time. UPS, which has been in existence since 1907, is one of the largest package delivery firms in the world with regular access to around 200 countries in the world. Similarly FedEx is another huge distributor business and again one of the leading firms in the business. Such transporting businesses not only play an important role in package delivery for people, but they also act as a medium of delivery for huge firms which use such transportation companies to deliver their products to customers anywhere with maximum speed. This is an extremely vital component in the supply chain of any firm which wishes to maximize its access areas and profits. These firms also provide many IT services to both the firms and the consumers. One of the major services is transportation. Any person anywhere in the world can buy products of any multinational company; like laptops, printers, cell phones, etc. and have them delivered at his/her