HOW IS LOGISTICS MANAGEMENT RELATED TO SUPPLY CHAIN?
Supply chain and logistics are two terms that go hand in hand. Apart from being the two most crucial aspects of any business venture, service or otherwise, they are extremely similar in their nature of function. However, while supply chain management covers everything, from the raw material acquisition, its transportation, processing and the final delivery and return of the goods , logistics management is more concerned with the transportation, storage and subsequent reproduction of the desired products. HOW IS LOGISTICS AND SUPPLY CHAIN LINKED TO EACH OTHER? Logistics experts will help their client optimize the routes, mode of transportation and even the locations to ensure a high operational efficiency. Rather than just increasing the profit, they are more concerned with the cost- effectiveness of the process. Why Use Logistics and Supply Chain Management? Logistics and supply chain management help businesses stay competitive. These practices track and coordinate the eff
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