Global Logistic and Supply Chain Management
The supply chain management of any company is the backbone of it and it is responsible for its success majorly. Any organization in the pursuit of success develops a well-designed strategy which takes care of the company’s objectives and goals and will help to achieve the long term image in the market. In the list of these crucial strategies one of the most critical things is the supply chain management strategy. The same stands good for the company Colgate Palmolive. It will be very difficult for Colgate Palmolive to succeed in meeting the demands of its target market if they do not follow a robust and effective supply chain management system. The supply chain management makes sure that Colgate Palmolive plans in advance regarding the proper supply of raw materials and there should always a minimum amount of inventory available for the company. Proper supply chain management system will also ensure that the supply chain operation’s cost is minimized.