n an interconnected global economy, logistics and supply chain management are two vital components that drive businesses toward success. These terms are often used interchangeably, but they encompass different aspects of moving goods and services from production to the consumer. Understanding the nuances between logistics and supply chain management is crucial for companies aiming to optimize their operations, reduce costs, and deliver superior value to customers.
In this blog, we will have a look at the definitions and differences between logistics and supply chain management, explore their interdependence, and highlight why both are fundamental for business success.
Understanding Logistics Management and Supply Chain Management