What is a difference between supply chain management and logistic management, both are same?
Hello Farhan, Funny that you ask about this, I have an exam on this material for an MIS course in about six hours. Supply Chain Management is the control and monitoring of the procurement and use of material and equipment resources required to manufacture the products which your company provides its end users. The specific activities involved in doing this can be as simple or as sophisticated as your organization and its management resources can support. The primary goal of SCM is getting rid of inefficiency and risk, and the ending reduction of costs. Logistics Management (LM) is a larger set of activities that includes SCM. LM is engaged each strategic process used to produce your company’s product(s), from the procurement of materials, through the production process, and to the delivery of your product to the end user. Depending on your product, LM activities can be influenced by, or can extend beyond delivery of the product and into services rendered as a result of delivering the p
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