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SUPPLY CHAIN MANAGEMENT

Supply Chain Management (SCM) is the oversight of materials, information and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.

SCM involves co-ordinating and integrating these flows both within and among companies.
(Source: CSCMP)


LOGISTICS

Logistics is that part of the supply chain process that plans, implements,and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers' requirements.
(Source:CSCMP)

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