What does SCM mean in logistics?

Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. In essence, supply chain management integrates supply and demand management within and across companies.

What is the difference between the value chain the supply chain and logistics?

To recap: the Supply chain is the process between producing and distributing the product, dealing with the suppliers and logistics of getting the product to market; the Value chain is a set of activities carried out by the company which maximises the competitive advantage.

What are the two categories of logistics?

The two main categories of logistics are inbound logistics, which refers to all the processes of the gathering, handling, storing and transportation of inbound materials, and outbound logistics, which involves the collection, maintenance and delivery of products to the customer.

Is logistics the same as supply chain management?

People working in different functional areas of logistics often define supply chain management ( SCM ) as it relates to what they do. A recent survey of Inbound Logistics readers supports this. Some respondents say SCM is the same old thing with a new handle, while others note it is more encompassing than logistics.

What are popular careers in logistics?

Popular career options in logistics include transportation management, logistics management, inventory management and logistics analysis, among others.

Why is logistics so important to supply chains?

Companies see logistics as a critical blueprint of the supply chain. It is used to manage, coordinate and monitor resources needed to move products in a smooth, timely, cost-effective and reliable manner. How Logistics Can Help Improve Efficiency and Reduce Costs

What is the difference between logistics and supply chain?

The main difference between supply chain and logistics is that logistics is merely a specialized part of the entire supply chain process. Generally, logistics focuses on the actual transportation and storage of goods. It deals with things such as inbound and outbound freight, reverse shipping, communications during transit, storage and warehousing.

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