Logistics is the process of managing the procurement, movement and storage of materials, parts and finished inventory and its marketing channels so profitability are maximized. Supply Chain Management is the management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost
Logistics is the term widely used in business for the range of activities associated with the movement, storage and handling of materials. The management of logistics has been revolutionized over the past 30 years and has come to be regarded as a key determinant of business competitiveness. Companies have substantially improved their performance not only by overhauling their internal logistics, but also by managing more effectively their external links with suppliers. This has become known as supply chain management. These developments have created a healthy demand for well-qualified logistics and supply chain managers in most sectors of the economy.