Vol: 8, Issue: 3 2018

Page: 229-237

EVOLUTION AND INTERACTION OF SUPPLY CHAIN MANAGEMENT AND LOGISTICS IN MODERN BUSINESS OPERATIONS

Surinder Kaur

Received Date: 2018-08-07

Accepted Date: 2018-08-28

Published Date: 2018-09-06

The development, definitions, and interactions between supply chain management (SCM) and logistics—two closely related but separate ideas that are essential to contemporary corporate operations—are examined in this essay. It starts by considering how goods are made and transported in our daily lives, highlighting the significance of supply chain management (SCM) and logistics in bringing raw materials to final customers. From Material Requirements Planning (MRP) to Enterprise Resource Planning (ERP) and contemporary SCM systems, the study charts the evolution of supply chain management (SCM) over time, showcasing the contributions of Forrester, Porter, and others. It also emphasises the pivotal role of information technology in this process. Originating in military operations, logistics is defined as the strategic management of information, storage, and material movement to guarantee economical customer satisfaction. In order to illustrate the increasing complexity of logistics, the paper examines several phases of its development, from farm-to-market distribution to integrated global supply chains. Additionally, it examines the complex interaction between supply chain management (SCM) and logistics, demonstrating how SCM enhances logistics to integrate upstream and downstream partners for a competitive edge. The study concludes by highlighting the need of effective logistics and supply chain management (SCM) in cutting expenses, raising service standards, and generating long-term client value in cutthroat international marketplaces.

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