How is logistics different from supply chain management? elaborate

Question: How is logistics different from supply chain management? elaborate

Logistics and supply chain management are two closely related fields, but there are some important differences between them.

Logistics is the process of moving goods from one place to another. It includes activities such as transportation, warehousing, and inventory management.

Supply chain management is a broader concept that encompasses all of the activities involved in getting a product from its raw materials to the customer. This includes logistics, as well as other activities such as sourcing, production, and marketing.

In other words, logistics is a subset of supply chain management. It is the part of supply chain management that focuses on the physical movement of goods.

Here is a table that summarizes the key differences between logistics and supply chain management:

Feature	Logistics	Supply chain management
Focus	Physical movement of goods	All aspects of getting a product from its raw materials to the customer
Scope	Narrower	Broader
Activities	Transportation, warehousing, inventory management	Sourcing, production, marketing, logistics, etc.
Goal	To get goods to the right place, at the right time, in the right quantity, and at the right cost	To create a competitive advantage by optimizing the flow of goods and services throughout the supply chain

Here are some examples to illustrate the difference between logistics and supply chain management:

• A logistics manager might be responsible for planning and executing the transportation of a shipment of goods from a factory in China to a warehouse in the United States.
• A supply chain manager might be responsible for developing and implementing a strategy to ensure that a company has enough of the right materials on hand to meet customer demand, while also minimizing costs.

Both logistics and supply chain management are essential for businesses of all sizes. By effectively managing their logistics and supply chains, businesses can improve their efficiency, reduce costs, and deliver better products and services to their customers.