All categories

3 years ago

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

Business

1 answer:

Alina [70]3 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.

You might be interested in

At the beginning of 2021, Terra Lumber Company purchased a timber tract from Boise Cantor for $3,510,000. After the timber is cl

V125BC [204]

Answer:

A. $279,000

B. $27,900

Explanation:

A. Calculation for 2021 depletion of the timber tract

2021 Depletion=[($3,510,000 - $720,000) / 6.2 million] *$620,000

2021 Depletion=0.45x 620,000

2021 Depletion= $279,000

Therefore 2021 depletion of the timber tract is $279,000

B. Calculation to determine the depreciation of the logging roads

Depreciation=($279,000 / 6.2 million)*$620,000 Depreciation= 0.073*$620,000

Depreciation= $27,900

Therefore the depreciation of the logging roads is $27,900

5 0

3 years ago

I need help What is an IPO?

lisabon 2012 [21]

Answer:

An IPO stands for Initial Public Offering. It's a public offering in which shares of a company are sold to institutional investors and usually also retail investors.

8 0

3 years ago

Which agricultural system trapped many southern blacks in a cycle of debt and poverty despite their hard work?

Citrus2011 [14]

Answer:

sharecropping

Explanation:

Sharecropping is a system of tenancy agriculture . In it a landowner gives a portion of his land to a labour for the purpose of raising crop . In return , he gets a share of crop raised by him for free.

After the civil war , former slaves were in search of jobs . Due to depression and absence of credit system ,they went into this deal of sharecropping with whites . They also borrowed heavily for getting seeds and fertilizer. Landlords charged high interest rate for that which led them to debt-trap. Landowner also put condition like selling the yield on their condition at pre-specified cheap price.

7 0

4 years ago

As an alternative to managing stressors, many organizations teach employees to use _____ to counteract the effects of stressors

Korolek [52]

Answer:

relaxation techniques

Explanation:

Many companies know a day teach employees relaxation techniques in order to counteract the effects of stressors. Such techniques can include breathing focus methods, Yoga, Tai Chi, Qigong, Mindfulness Meditation, etc. These all help relax both the body and mind to maintain a healthy balance. These relaxation techniques are extremely popular within the tech industry since many programmers and individuals in this industry work insanely long hours.

8 0

3 years ago

______________ knowledge refers to the entrepreneur's possession of information, technology, know-how, and skills that provide i

olga_2 [115]

Answer:

The correct word for the blank space is: Market.

Explanation:

Market knowledge refers to the collection of information about the business and all its resources being offered to the market. It does not only help entrepreneurs to have a better understanding of what the firm is and what it can do but also allows them to improve the decisions they take to direct the business process towards the organizational goal.

6 0

3 years ago