sorzsi2018 Difference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, 40+ Instructor Led Classes. 40 Hrs Of Instructor Led Training. 4+ Real- Simplilearn Life Projects! Difference Between Logistics and Supply Chain Management Last updated on July 26, 2018 by Surbhi $ Supply Chain Menssenen : Intps:Tkeydtferences.conviaference-betweon-logisties-and-supply-chain-management himl 19sovesra0re Diference Between Logistics and Supply Chain Management (wth comparison chat - Key ferences All the activities, associated with the sourcing, procurement, conversion and logistics management, comes under the supply chain management. Above all, it encompasses the coordination and collaboration with the parties like suppliers, intermediaries, distributors and customers. Logistics Management is a small portion of Supply Chain Management that deals with the management of goods in an efficient way. Ready to eit Cayole lg Supply Chain Management, it is a broader term which refers to the connection, right from the suppliers to the ultimate consumer. It has been noticed that there is a drastic change in the manner in which business was conducted many years ago and now. Due to the improvement in the technology, which leads to the development of all key areas of business. Supply Chain Management also evolved as an improvement over Logistics Management, from past years. Check out this article to understand the difference between Logistics Management and Supply Chain Management. Content: Logistics Vs Supply Chain Management 1. Comparison Chart 2. Definition 3. Key Differences 4. Conclusion Comparison Chart ntps:keyeiferences.comidference-betweenJogistcs-and-supoly-chalr-management him! 2119sorzsi2018 Diference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, BASIS FOR LOGISTICS COMPARISON MANAGEMENT Meaning The process of integrating the movement and maintenance of goods in and out the organization is Logistics. Objective Customer Satisfaction Evolution ‘The concept of Logistics has been evolved earlier. How many Single organizations are involved? One in another fraction of Supply Chain Management. Mumbai to Ahmedabac Rs 2,047* Definition of Logistics Management Logistics Management is a SUPPLY CHAIN MANAGEMENT The coordination and management of the supply chain activities are known as Supply Chain Management. Competitive Advantage Supply Chain Management is a modern concept. Multiple Supply Chain Management is the new version of Logistics Management. Intps:Tkeydtferences.conviaference-betweon-logisties-and-supply-chain-management himl antesorzsi2018 Ditference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, ‘The management process which integrates the movement of goods, services, information, and capital, right from the sourcing of raw material, till it reaches its end consumer is known as Logistics Management. The objective behind this process is to provide the right product with the right quality at the right time in the right place at the right price to the ultimate customer. The logistic activities are divided into two broad categories they are: + Inbound Logistics: The activities which are concerned with procurement of material, handling, storage and transportation + Outbound Logistics: The activities which are concerned with the collection, maintenance, and distribution or delivery to the final consumer. Apart from these, other activities are warehousing, protective packing, order fulfillment, stock control, maintaining equilibrium between demand and supply, stock management. This will result in savings in cost and time, high-quality products, ete. Definition of Supply Chain Management Supply Chain Management (SCM) is a series of interconnected activities related to the transformation and movement of raw material to the finished goods till it reaches to the end user. It is the outcome of the efforts of multiple organizations that helped in making this chain of activities successful. Intps:Tkeydtferences.comiaference-betweon-logistics-and-supply-chain-management himl angsorzsi2018 Diference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, Supply Chain Management These organizations may include the firms with whom the organization is currently working like partners or suppliers, manufacturers, wholesalers, retailers, and consumers. The activities may include integration, sourcing, procurement, production, testing, logistics, customer services, performance measurement, etc. Supply Chain Management has a multi-dimensional approach which manages the flow of raw materials and works in progress (semi-finished goods) within the organization and the end product outside the organization till it reaches the hands of the final consumer with a complete emphasis on the customer requirement. Key Differences Between Logistics and Supply Chain Management The following are the major differences between logisti chain management: nd supply ntps:keyeiferences.comidference-betweenJogitcs-and-supoly-chalr-management him! 519torso18 Diflerence Betwen Logis and Supply Chan Management wih comparion chat) -Key Drees 1. The flow and storage of goods inside and outside the firm are known as Logistics. The movement and integration of supply chain activities are known as Supply Chain Management. 2. The main aim of Logistics is full customer satisfaction. Conversely, the main aim behind Supply Chain Management is to gain a substantial competitive advantage. 3, There is only one organisation involved in Logistics while some organisations are involved in Supply Chain Management. 4. Supply Chain Management is a new concept as compared to Logistics. 5, Logistics is only an activity of Supply Chain Management. Conclusion Logistics is a very old term, firstly used in the military, for the maintenance, storage and transportation of army persons and goods. Nowadays, this term is used in many spheres, not specifically in the military after the evolution of the concept of Supply Chain Management. It has also been said that SCM is an addition over Logistics Management as well as SCM comprises of logistics. Both are inseparable. Hence they do not contradict but supplement each other. SCM helps Logistics to be in touch with the transportation, storage and distribution team. ntps:keyeiferences.comidference-betweenJogitcs-and-supoly-chalr-management him! 69sorzsi2018 Diference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, You Might Also Like: Difference Between Supply Chain and Value Chain Difference Between Production and Operations Management Difference Between Vendor and Supplier Fayol Vs Taylor Difference Between Fayol and Taylor’s Theories of Management Filed Under: Business Comments loganathan says Difference Between Personnel Management and Human Resource Management March 8, 2016 at 4:04 am great stuff Reply KV Venkataramana says March 23, 2016 at 6:37 am Wonderful article! ntps:keyeiferences.comidference-betweenJogitcs-and-supoly-chalr-management him! Difference Between Inbound and Outbound Logistics m9sorzsi2018 Diference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, Reply Mbwana Jegah says April 14, 2016 at 12:14 pm Nice article Reply ayat says April 17, 2016 at 10:41 am great one Reply fallin says June 26, 2016 at 6:31 pm great article! Reply alfa says August 31, 2016 at 6:42 am Intps:Tkeydtferences.conviaference-betweon-logisties-and-supply-chain-management himlsorzsi2018 Difference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, good one Reply Tatiana says September 7, 2016 at 9:20 pm Very short and good explanation! Excellent © Reply Virginia Dlamkile says September 14, 2016 at 12:56 am Good article. It will definitely help with my research project. Reply Srikanth says September 23, 2016 at 5:43 am. It’s good Reply Elliot Stephens says ntps:keyeiferences.comidference-betweenJogistcs-and-supoly-chalr-management him!sorzsi2018 Diference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, October 19, 2016 at 8:00 pm. A fantastic breakdown of logistic and supply chain management. Reply AHMED SEDKI says February 1, 2017 at 5:25 pm. its a great atricle very simple very targetive better than so many books Reply Surbhi S says February 1, 2017 at 5:29 pm. Thanks a ton, all of you for your valuable views and appreciation, it means a lot to us. Keep sharing.. © Reply suraj says February 4, 2017 at 7:11am Thanks a lot article cleared all of mine confusions regarding logistics and sem and better than my study material . Reply Intps:Tkeydtferences.conviaference-betweon-logisties-and-supply-chain-management himl sonesorzsi2018 Diference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, kasa says April 9, 2017 at 4:35 pm superb article Reply divya says April 25, 2017 at 10:13 am Thanks for sharing this article, It provides a distinguishing features of logistics and supply chain management. Reply Ali Alavi says May 23, 2017 at 11:59 am Very good article, Can you provide references? Reply Surbhi S says May 23, 2017 at 12:25 pm “Difference Between Logistics and Supply Chain Management” By Surbhi S keydifferences.com Intps:Tkeydtferences.conviaference-betweon-logisties-and-supply-chain-management himl ngtors2or9 Diterence Between Logs and Supply Chan Management wth comparison chart -Key ferences < http://keydifferences.com/difference-between-logistics-and- supply-chain-management.html> Reply Jamil says September 20, 2017 at 4:44 pm Thankyou, it will be a worthful article for students like me who were confused in both these terms. ‘is Article cleared me the whole Picture..... Reply KARTHIKEYAN.RA says September 21, 2017 at 4:09 pm Thanks a lot.. Reply Raj Kumar says October 28, 2017 at 2:35 pm Thank you very much for putting this information very nicely. It really helped to understand the difference between the two and how are they interrelated. Intps:Tkeydtferences.conviaference-betweon-logisties-and-supply-chain-management himl sanesorzsi2018 Difference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, ‘Thank you once again. Reply Ajis Asharaf says November 2, 2017 at 9:53 am Thanks, It will surely help me ? Reply Jigna says March 22, 2018 at 10:54 am Great article! Reply Charu says April 26, 2018 at 5:05 pm Well explained the difference between the two. Easy to uderstand. Reply Surbhi S says May 11, 2018 at 3:38 pm Intps:Tkeydtferences.comiaference-betweon-logistics-and-supply-chain-management himl sanesovesra0re Diference Between Logistics and Supply Chain Management (wth comparison chad) - Key Diferences Thank you so much guys for sharing your views with us and constantly appreciating Key Differences. Q © Reply sabah says May 30, 2018 at 5:41 pm Thank you for this article it’s very helpful . Could you please tell me which sources (books, articles sconferences ...) you have used to write this valuable article. Reply ARUN GEORGE says July 4, 2018 at 11:37 am do Reply meena says February 23, 2019 at 11:17 am Very Nice and Easy to understandable article about logistics management Intps:Tkeydtferences.conviaference-betweon-logisties-and-supply-chain-management himl sanesorzsi2018 Diference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, Reply ‘Akmal Wardak says March 26, 2019 at 5:33 am Excellent. well explained. Reply Leave a Reply Your email address will not be published. Required fields are marked * Comment Name * Email * Website Intps:Tkeydtferences.conviaference-betweon-logisties-and-supply-chain-management himl 15119sorzsi2018 Diference Between Logistics and Supply Chain Management (with comparison chart - Key Differences, Save my name, email, and website in this browser for the next time I comment. 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