How Are Supply Chain Management and Logistics the Same?
Both supply chain management and logistics focus on the flow of goods from the point of origin to the endpoint. Both disciplines require careful coordination of supplies, labor and facilities to make sure items can move through the supply chain as required. Logistics is a key component of supply chain management, but just one piece of the equation.
Similarities of Supply Chain Management and Logistics : Supply chain management and logistics both work to move, store and deliver goods as efficiently as possible. Supply chain management provides the strategic direction that guides inbound and outbound logistics.
Some common aspects of SCM and logistics are :
* Both focus on goods, services or information.
* Both have the ultimate aim of supporting the company’s success and distinguishing it from competitors.
* Both seek to increase customer satisfaction.
* Both revolve around the same flow of goods and services, from the supplier, to the manufacturer, to the wholesaler and finally to the retailer or consumer.
