Class 004

docx

School

American Military University *

*We aren’t endorsed by this school

Course

Subject

Economics

Date

Nov 24, 2024

Type

docx

Pages

Uploaded by ConstableHeat3293

Greetings all. Logistics and supply chain are similar in that they both involve delivering a completed product to its planned destination. Supply chain management refers to the entire journey that goods or services take to get from your company to the client ( Gen X, 2024). It also includes the materials used to manufacture and package the product. The term “logistics” stems from the military, which used it to describe how military personnel obtained, stored and moved their equipment (Gen X). Logistics refers to the movement of goods through an organization. The two terms intersect at various junctures, but they are not the same. The main difference appears to be that the supply chain includes acquiring the goods needed to manufacture a product, while logistics entails the storage and shipment of those goods. Logistics takes on three different activities: storing, shipping, and delivering goods (Gen X). However, none of those activities relates to how the products are made, or how the materials are procured, which are supply chain considerations. Logistics activities are considered part of supply chain management, taking into consideration how you store and ship your products, but logistics planning does not necessarily include supply chain management. As far as costs are concerned, the supply chain focuses on reducing the cost of production and operating costs. Logistics focuses on the cost-effective delivery of those goods. Which categories do each of these terms fall under or is it both? 1. Procurement of raw materials to manufacture a product. 2. Storage of goods. 3. Shipment of goods. 4. Production of goods. 5. Planning the production and shipment of goods. --James Reference: Gen X (2024). Differences, similarities, and roles between supply chain management and logistics. Gen X Freight; A New Way Forward. https://genxfreight.co.uk/differences-similarities-and- roles-between-supply-chain-management-and-logistics/

less

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

Related Documents

2 set 1.docx

Case Studies Questions.docx

Partial Equilibrium.pdf

APPLE.docx

Screenshot 2023-11-28 201323.png

Screenshot 2023-12-13 at 7.38.01 PM.png

Screenshot 2023-08-16 144849.png

changes in U.S. manufacturing over the last half century.docx

Screenshot 2023-11-04 at 1.58.03 PM.png

4701.docx

pax.docx

Worksheet 4 - Module 2 - Lecture-by-Lecture to-do-list.pdf

Recommended textbooks for you

Managerial Economics: A Problem Solving Approach

Economics

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Cengage Learning

Microeconomic Theory

Economics

ISBN:9781337517942

Author:NICHOLSON

Publisher:Cengage

Microeconomics: Private and Public Choice (MindTa...

Economics

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:Cengage Learning

Macroeconomics: Private and Public Choice (MindTa...

Economics

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:Cengage Learning

Economics: Private and Public Choice (MindTap Cou...

Economics

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:Cengage Learning

MACROECONOMICS FOR TODAY

Economics

ISBN:9781337613057

Author:Tucker

Publisher:CENGAGE L

SEE MORE TEXTBOOKS

Recommended textbooks for you

Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Microeconomic Theory
Economics
ISBN:9781337517942
Author:NICHOLSON
Publisher:Cengage
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
MACROECONOMICS FOR TODAY
Economics
ISBN:9781337613057
Author:Tucker
Publisher:CENGAGE L