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Question
Explain the points of differences between Logistics and Supply Chain Management.
Distinguish Between
Solution
|
Logistics |
Supply Chain Management |
| Logistics management deals with the efficient management of the static gap between demand and supply. | Supply Chain Management tries to identify the dynamic nature of the value creation itself such as responsiveness, quality, and design. |
| It aims for an effective management response over the longer run. | It focuses on profit maximization rather than cost minimization. |
| Its activities are supply-driven. | Its activities are demand-driven. |
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