How do logistics and supply chain management differ?
Explain the key developments behind the evolution of logistics and SCM.
Discuss about the three major flows in a typical supply chain.
Identify three examples of companies / products who attempt to think global and act local (‘glocalization’).
Whereas logistics focuses on transporting goods, supply chain on the other hand is concerned with finished products. Additionally, logistics has to do with coordination and movement of goods. Usually, the logistics of physical goods entails the integration of information flow, materials handling, packaging, transportation and warehousing and in other cases security. Supply chain on the other hand entails planning, sourcing, manufacturing, delivery and lastly return. The most notable logistic performance priorities include the movement of inventory in a supply chain effectively and efficiently and to extend the desired level of customer service at the minimal cost.