Supply chain management is the management of the goods and services of an organization. On the other hand, logistics is the name of the movement and storage of the products of an organization. There are some differences between supply chain management and logistics that have been discussed in detail in this informative post by a Masters Dissertation Writing Services Providers company in the UK.
SCM (Supply Chain Management) is an essential term in Commerce which is relevant to the management of goods and services. Combinations of the processes in which we transform the raw material into final products also come into supply chain management. With the help of the supply chain management, it is possible for us to streamline the activities of a business and to gain an advantage over the competitors in the market. The members of the supply chain management are responsible for the production, shipment, and distribution of the different products of a company. With the help of supply chain management, it is also possible for us to cut the excessive costs of the products and to deliver these products to the customers as soon as possible. Five steps of the supply chain management are given below;
Logistics is a military-based term. In the military, this term was used for the obtaining, moving and storing the equipment from one step to another step. In the business, this term is used to identify the prospective distributors and suppliers that are helpful to increase the accessibility and effectiveness of the products. In other words, the main aim of logistics in business is to use the resources at the right time and to deliver the products at the right location for the easy access of the customers. If we take an example of the natural gas industry, logistics means the management of the pipelines and distribution of the gas to the people.
Supply chain management and logistics are two essential terms in the business. There are some differences between supply chain management and logistics. These differences are explained below;
This is the basic difference between logistics and supply chain management. Now, we can say that both logistics and supply chain management are essential for the progress of an organization.
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Supply chain management is the name of the management of the goods and services of an organization. On the other hand, logistics is the name of the movement and storage of the products of an organization. There are some differences between supply chain management and logistics. First of all, these two terms have different definitions. Secondly, these two terms have different objectives. Thirdly, the concern of logistics is only with one organization. On the other hand, the concern of supply chain management is with multiple organizations. At last, these two terms also depend upon each other and these terms are essential for the progress of an organization.
