ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Logistics reduces overall costs, increases cooperation and coordination with external parties, thereby increasing operational efficiency throughout the enterprise.
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A supply chain is a network of links within an organization and between companies working together
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SCM has short and medium-term influence
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There is no difference
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Detailed explanation-1: -Logistics focus on the efficient and cost-effective delivery of goods to the customer. Supply chain management controls the development of raw materials into finished goods that move from the supplier to producer to warehouse to retailers and/or consumers. The term logistics originated with the military.
Detailed explanation-2: -supply chain is all about the sourcing, purchasing, procurement, warehousing, distribution and logistics. on the other hand supply chain management is all about how do you manage all these things.
Detailed explanation-3: -Specifically in the manufacturing industry, supply chain design requires a great deal of focus on physical product and a broader supplier base. Service firms, on the other hand, typically have little need for physical inputs other than office supplies, and often work with a much smaller group of suppliers.