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2 years ago

what is the relationship between logistics and supply chain management? in what ways are they different

Business

1 answer:

Alina [70]2 years ago

8 0

Answer:

Supply chain management encompasses every parts of a product cycle from the producer to consumer, while logistics is a segment of the supply management.

Explanation:

Supply chain management has to with how flow of goods and services are managed and this comprises all procedures that help in converting raw materials into finished goods. Supply chain management sees to how raw materials, work-in-process inventory, and of finished goods are stored and moved from the producer to the final consumers. The aim of the supply chain management is to ensure customers derive maximum satisfaction and value and the company enjoy a competitive advantage in the market.

On the other hand, logistics is just one of the components of supply chain management which sees to how goods are stored and moved from the organisation to the outside. That is logistics comprises all the activities that have to do with the transportation, warehousing of goods.

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AVprozaik [17]

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1 year ago

True or false a culinarian is who has studied and continues to study the art of cooking

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2 years ago

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vesna_86 [32]

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2 years ago

State 3 advantages in setting up a business in Maldives?

evablogger [386]

Answer:

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2 years ago

Shortly after graduating college, Roberto took his place in his family's company in Miami. Roberto's father and uncle started a

natta225 [31]

Answer:

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Explanation:

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