Logistics and SCM
What is Logistics?
It is that part of Supply Chain process that plans, implements, and controls the
efficient (forward and reverse) flow and storage of raw materials, in-process inventory,
finished goods and related information from point of origin to point of consumption
for the purpose of meeting customer s' requirements.
What is Supply Chain Management?
It is the planning and management of all activities involved in sourcing and procurement,
conversion, and all logistics management activities. It also includescoordination
and collaboration with channel partners, which can be suppliers, intermediaries,
third-party service providers, and customers.
What is the scope & application of Logistics and Supply Chain Management?
Supply Chain Management, as concept and tool has emerged as the most important field
of management today.
Areas served by Logistics and Supply Chain Management include: