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Logistics vs Sipply Chain Management (SCM)
Strategic Management
In the study mat there are given 7 steps in SCM: ��Product development ��Procurement ��Manufacturing ��Physical Distribution ��Outsourcing ��Customer Service ��Performance Measurement Logistics is a part of SCM, I know. But my question is which of the above activities are NOT part of logistics?
Answers (6)
Also another thing. Under SCM (in pg 6.19) it is written: " it encompasses all movement of storage of raw materials, work in process inventory and finished goods from point of origin to point of consumption. Again under Logistics Management (pg 6.20) it is written: " Logistic management can be termed as one of SCM's part that is related to planning, implementing and controlling the movement and storage of goods or services and related information between the point of origin and the point of consumption." So what the difference? I am confused.
Thread Starter
Kumarjit DeyAlso another thing. Under SCM (in pg 6.19) it is written: " it encompasses all movement of storage of raw materials, work in process inventory and finished goods from point of origin to point of consumption. Again under Logistics Management (pg 6.20) it is written: " Logistic management can be termed as one of SCM's part that is related to planning, implementing and controlling the movement and storage of goods or services and related information between the point of origin and the point of consumption." So what the difference? I am confused.
The ICAI material is not drafted properly. Also management is not an absolute science.
CA Suraj Lakhotia Admin
Logistics deals only with physical movement of goods. So Procurement, Manufacturing, Customer Service etc are out.
How come product development and performance measurement included then?
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