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Logistics and Supply Chain Management (SCM) - Coggle Diagram
Logistics and
Supply Chain Management (SCM)
6 Important Developments Over Past Decades
Deregulation of transport
Inventory reduction
Falling product prices
Changes in company structure
Productivity improvements
Reduced transport intensity of freight
Supply Chain Management
1960s – 1970s
Fragmentation
1980s
Evolving Integration
Modern Day
Emphasis on supply chain resilience and sustainability
Merging of inbound supply and outbound distribution
Transport, warehousing, purchasing, marketing and finance
Logistics
DISTINCTIONS
1
Logistics
focuses on planning, storing, and moving goods from their origin to their destination.
SCM
focuses on end-to-end relationships across both upstream suppliers and downstream parties that facilitate the forward and reverse flow of materials, services, finances
and information to maximize profitability and customer satisfaction.
2
SCM
has a much wider,
intercompany, boundary-spanning concept as compared to
logistics
.
Roman & Byzantine
19th Century
20th Century
Logistics in common non-military use
Logistics tied to military operations
"Logista", a military official that was highly skilled in mathematical computations