Question

How market logistics is different from supply chain management?

Answer 1

HERE IS UR ANSWER

Key Differences Between Logistics and Supply Chain Management

The following are the major differences between logistics and supply chain management:

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.

The main aim of Logistics is full customer satisfaction. Conversely, the main aim behind Supply Chain Management is to gain a substantial competitive advantage.

There is only one organisation involved in Logistics while some organisations are involved in Supply Chain Management.

Supply Chain Management is a new concept as compared to Logistics.

Logistics is only an activity of Supply Chain Management.