ENTREPRENEURSHIP

Detailed explanation-1: -Logistics management is a subset of supply chain management; basically, it is a single activity of inventory movement across a supply chain-it can be considered as one piece to the process of creating a product and ensuring that the product reaches its end consumer.

Detailed explanation-2: -Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply/demand planning, and management of third party logistics services providers.

Detailed explanation-3: -Supply chain management is a broader term that encompasses the entire process of getting a product from the supplier to the customer. Logistics, on the other hand, is a subset of supply chain management and focuses on the physical movement of goods from one place to another.

Detailed explanation-4: -Logistics is the part of the supply chain involved in managing the forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption to meet customers’ requirements.