What is SCM and Logistics?

Question

Accepted Answer

SCM is the management of the flow of goods and services from the point of origin to the point of consumption, while Logistics is the process of planning, implementing, and controlling the movement of goods from the point of origin to the point of consumption.

SCM involves the coordination and integration of various activities such as procurement, production, transportation, and distribution.
Logistics includes activities such as transportation, warehousing, inventory management, and order fulfillment.
SCM and Logistics are closely related and often used interchangeably, but SCM is a broader concept that encompasses Logistics.
Example: A company's SCM strategy may involve sourcing raw materials from suppliers, manufacturing products, and delivering them to customers through a logistics network.
Effective SCM and Logistics can help companies reduce costs, improve efficiency, and enhance customer satisfaction.

Accepted Answer

At the most fundamental level, supply chain management of the goods, data and financial related to a product or service, from the procurement of raw materials to the delivery of the product at the final discussion

What is SCM and Logistics?

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