In this very brief entry we are going back to basics in order to understand what is the different between these two terms that some people mistakenly think are interchangeable.
We define Supply Chain management as the set of activities associated with sourcing, procurement, conversion and logistics management. It also encompasses the coordination and collaboration with parties like suppliers, intermediaries, distributors and customers.
Logistics Management however is a small portion of Supply Chain Management that deals with the management of goods in an efficient way.
