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LOGISTICS Logistics is a sub-set of  Supply Chain Management  (SCM). It includes movement of a product in the most efficient way to deliver it in the right condition, to the right person at the right place and right time. It includes the following: Packaging Transportation Warehousing Distribution Delivery Logistics in Supply Chain Management (Part of Education Series: Operations Management) Also See:   Throughput Time Lean Six Sigma Supply Chain Ordering Cost Holding Cost Economic Order Quantity Limitations of Economic Order Quantity    

SUPPLY CHAIN Supply chain can be defined as a network of people, organization, resources or information required to move a product(or service) from supplier to customer. Any product that reaches the end consumer shows the combined effort of different organizations, collectively known as supply chain. Supply Chain Management It is the management of all activities in a supply chain in order to have a competitive advantage and maximize customer's value. It includes all activities right from development of product, sourcing of materials, production, logistics and information to co-ordinate all activities. Supply chain management is a complex process that relies on all its stakeholders - right from its manufacturers to end user. The components of supply chain includes the following: Company Suppliers Customers A complete chain would involve the following stakeholders: Producer of raw material Supplier Product Manufacturer  Distributor Retailer Customer...