What is logestics and SCM told me I'm your word on breif

Question

Accepted Answer

Logistics and Supply Chain Management (SCM) involve the planning, implementation, and control of the flow of goods and services from point of origin to point of consumption.

Logistics refers to the process of managing the movement and storage of goods, including transportation, warehousing, and inventory management.
Supply Chain Management (SCM) encompasses the coordination and integration of all activities involved in sourcing, procurement, production, and distribution.
Logistics and SCM aim to optimize efficiency, reduce costs, and ensure timely delivery of products to customers.
They involve strategic planning, coordination with suppliers and vendors, inventory management, transportation management, and customer service.
For example, in a retail company, logistics and SCM would involve managing the procurement of products from suppliers, storing them in warehouses, coordinating transportation to stores, and ensuring timely delivery to customers.

Accepted Answer

Logistics management is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverses flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements.

What is logestics and SCM told me I'm your word on breif

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