What is supply-chain management, and how does the concept of logistics fit into it?
What will be an ideal response?
Answer: Supply-chain management is the strategy of planning and coordinating the movement of materials and products along the supply chain, from raw materials to final buyers. Whereas supply-chain management is concerned with the strategy of moving the products, logistics is concerned with the actual movement of the products, as it consists of planning and implementing the details of moving the raw materials and products.
Explanation: Supply-chain management is the strategy of planning and coordinating the movement of materials and products along the supply chain, from raw materials to final buyers. Whereas supply-chain management is concerned with the strategy of moving the products, logistics is concerned with the actual movement of the products, as it consists of planning and implementing the details of moving the raw materials and products.
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