Supply chain management (SCM) is one of the main ways to optimize the budget of enterprises producing goods and/or services. At the same time, a great role in the supply chains is played by logistics - the management of physical, informational, and human flows in order to optimize them and avoid unnecessary waste of resources. WHAT IS THE DIFFERENCE BETWEEN LOGISTICS AND SUPPLY CHAINS? Logistics and supply chain should not be confused. Logistics is a rather narrowly focused concept (narrower than the SCM), which simply means globalization of resource management — from every local unit to the entire network of production points. In turn, supply chain management is a more complex category. Supply chain management involves logistics and thus performs end-to-end optimization - that is, not only within the enterprise but also when working with counterparties. The purpose of efficient logistics management is to achieve maximum competitiveness and profitability of the company, as well as the ...