Question

What is the Relation between logistics and supply chain management?

Answer 1

Logistics and supply chain management are related things; however, supply chain management is a much broader concept than logistics. In simple words, logistics involves movement, storage, and flow of goods, services, information, etc. Therefore, logistics is more of a physical and tangible concept. Supply chain management is a broader concept of which logistics is a part. Supply chain management includes logistics and it connects multiple processes and functions in order to achieve competitive advantage. In other words, supply chain management includes a wide range of activities to plan, control and execute processes starting from acquiring raw materials to delivery of the final good to the consumers. .