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GRP 2 - Coggle Diagram
GRP 2
EVOLUTION
Military origins
→ logistics originally concerned moving, supplying and lodging troops/equipment
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1960s–1970s
functions such as transport, warehousing, purchasing and inventory were often managed separately
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Modern supply chains
→ end-to-end view
→ supplier to final customer
→ companies increasingly compete through their whole supply chains, not just individual products
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DIFFERENCE
LOGISTICS
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Concerned with getting the right product, quantity, quality, place, time, customer and cost
Includes inbound, outbound, internal and external movements
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SUPPLY CHAIN
Covers a much wider, intercompany network
Manages relationships and flows of materials, information and resources
Concerned with creating value, efficiency and customer satisfaction
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