SIMILARITIES BETWEEN SUPPLY CHAIN AND LOGISTICS MANAGEMENT THAT EVERY BUSINESS PERSONNEL SHOULD KNOW 

Supply chain logistics is a term very closely related to most business undertakings. Essentially both, supply chain and logistics deal with similar aspects of a product. However, they vary slightly. While supply chain management deals with everything, from acquiring the raw materials to their finished goods, logistics can be viewed as a single activity within the system. 

 

At the same time, there is a lot of similarity between supply chain design and logistics development. They are both required for the smooth functioning of the company and are involved with the planning, sourcing, and delivery of the final product. Both aim to maximize the profit with minimum losses and investments in the same etc. 

 

How are supply chain and logistics similar to each other, despite having differences?

 

Most supply chain consulting firms also provide you with solutions related to logistics. Organizations that handle one are often seen to help in the case of the other as well. This is done probably because they are related to each other so closely. The chief points of similarity include the following. 

 

 

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