Supply Chain Managment Question, business and finance homework help
Website Reference: http://www.supplychainopz.com/2012/04/what-is-logistics-and-supply-chain-management.html
“Logistics typically refers to activities within the boundaries of a single organization and supply chains refer to networks of companies that work together and coordinate their actions to deliver a product to market.
- How does logistics and SCM satisfy customer requirements?
“Traditional logistics focuses on activities such as procurement, distribution, maintenance, and inventory management. Supply chain management acknowledges all of traditional logistics and activities such as marketing, new product development, finance, and customer service” from Essentials of Supply Chain Management.”