Logistics Versus Supply Chain Management
The major difference between the concept of logistic management and supply chain management is the level of information gathered, processes, analysed and used for decision making. An SCM-based organisation not only having concerns with its immediate clients but also handles and forecasts the factors affect directly or indirectly their supplier or suppliers or on their client or clients. If we exclude this information part out of supply chain model then we can see the logistic management part of the business.
Read more about this topic: Military Supply Chain Management
Famous quotes containing the words supply, chain and/or management:
“Artistic inspiration ignores the law of supply and demand.”
—Mason Cooley (b. 1927)
“It could not have come down to us so far,
Through the interstices of things ajar
On the long bead chain of repeated birth,
To be a bird while we are men on earth,”
—Robert Frost (1874–1963)
“People have described me as a “management bishop” but I say to my critics, “Jesus was a management expert too.””
—George Carey (b. 1935)