Supply Chain Management vs Logistics: Differences, Similarities and Roles
Supply Chain Management vs Logistics: Differences, Similarities and Roles If you're running an online business, you need to understand the key differences between supply chain management (SCM) and logistics. Both are crucial aspects of the modern supply chain, but they play different roles and require different approaches. In this blog post, we'll understand the differences, similarities, and what roles SCM and logistics play in eCommerce, and how you can use both of these to optimize your business operations. What is Supply Chain Management (SCM)? SCM is all about managing the entire lifecycle of a product, from sourcing raw materials to delivering the finished product to the end customer. It involves a range of activities, including product design, procurement, production, inventory management, logistics, and distribution. The main goal of SCM is to optimize the entire supply chain and ensure that all the different parts work together efficiently. This involves minimizing w...