Logistics vs Supply Chain Management : Key Differences
The supply chain management (SCM) and logistics have various similarities, but they also have significant differences in some important ways. First we need to understand the logistics and supply chain management. What Are Logistics? Logistics is about planning and managing how goods are stored and moved between different places in the supply chain. It involves organising everything, like facilities, people, equipment, and other resources, to make sure products are moved on time and there’s space for them at the next stop. Logistics includes demand planning, managing material, inventory management, transportation, and order fulfilment. Supply chain management involves the strategy and activities like planning, sourcing, producing and delivering goods and managing returns. Logistics management focuses on delivering the right products to the right place at the right time. What Is Supply Chain Management? SCM also focuses on improving supply chain processes, which can benefit bo...