Supply Chain Review (1)

Logistics - refers to activities that occur within the boundaries of a single organization.
Supply Chain - refers to network of companies that coordinate their actions to deliver such as procurement, distribution, maintenance, and inventory management.

Supply chain management acknowledges all of the traditional logistics, but adds activities such as marketing, new product development, finance, and customer service.

It views the supply chain and the organizations in it as a single entity. It brings a system approach to understanding and managing the different activities needed to coordinate the flow of products and services to best serve the ultimate customer. The system approach provides the framework in which to best respond to business requirements that otherwise would seem to be in conflict with each other.