"Physical distribution can be broadly defined as that area of business management responsible for the movement of raw materials and finished products and the development of movement systems."
Why is logistics and supply chain management important?
Logistics is an essential component of supply chain management. ... Logistics aligns the complex pattern of traffic and transportation, shipping and receiving, import and export operations, warehousing, inventory management, purchasing, production planning, and customer service.
Which is better logistics or supply chain management?
Supply chain management is an overarching concept that links together multiple processes to achieve a competitive advantage, while logistics refers to the movement, storage, and flow of goods, services, and information within the overall supply chain.