Logistics management and supply chain management
Is it correct that logistics management and supply chain management signify the similar thing?
Expert
No. Logistics is really a part of supply chain management. Supply chain management comprises other activities such as coordinating and also collaborating with both suppliers and customers matching the demand with the supply, services, flow of products, information and finances as logistics management involves the movement and storage of the products and services to add up value through transformation of place and time. Since such logistics is all about being capable to look to the facilities, inventory, transportation, materials, order fulfillment, communications, third-party relations and information in the firm thus making competitive benefit via value addition to the customers.
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