User:Jukeboksi/BBA studies/Logistics and SCM: Difference between revisions

'''[[w:Logistics]]''' is the [[w:management]] of the flow of [[w:resources]] between the point of origin and  in order to meet some requirements, for example, of customers or corporations. The resources managed in logistics can include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as time, information, particles, and energy. The logistics of physical items usually involves the integration of information flow, [[w:Materials management|material handling]], [[w:Production (economics)|production]], [[w:packaging]], [[w:inventory]], [[w:transportation]], [[w:warehousing]], and often [[w:security]]. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources is a common motivation. ( Wikipedia )

A '''[[w:supply chain]]''' is a system of organizations, people, activities, information, and resources involved in moving a product or service from [[w:Vendor (supply chain)|supplier]] to [[w:customer]]. ( Wikipedia )

'''[[w:Supply chain management]]''' ('''SCM''') is the management of a network of interconnected [[w:business]]es involved in the provision of [[w:Product (business)|product]] and [[w:Service (economics)|service]] packages required by the end customers in a [[w:supply chain]]. Supply chain management spans all movement and storage of [[w:raw material]]s, work-in-process inventory, and finished goods from point of origin to point of consumption. ( Wikipedia )