INTRODUCTION

We are all aware that technology is changing at a fast pace and that we all have to adapt to the new way of life. In today’s increasingly turbulent commercial world, achieving an efficient and effective supply network is central to business success.

Every single item in your view right now from the shirt you’re wearing to the screen of your computer came from somewhere. The world we live in depends on logistics and supply chain managers to make products available to us. These managers are the ultimate back-room power players moving millions of dollars of product every day.

Logistics and supply chain managers are the air traffic controllers of the global market and can give a company the advantage it needs to surge ahead of its competition. If any part of the supply chain fails, then a business can find itself with a big problem. That's why good supply chain managers always understand the importance of efficient logistics in supply chain.

DIFFERCENCE BETWEEN THE CONCEPTS:-

Logistics Management: It is the management of the flow of goods, information and other resources, including energy and people, between the point of origin and the point of consumption in order to meet the requirements of consumers at the lowest cost possible. Supply chain management: It involves coordinating and integrating Logistics Management within and among companies. It is the management of a network of interconnected businesses involved in the provision of product and service packages required by the end customers in a supply chain. Supply chain management plans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption and logistics helps in achieving this. Thus Supply chain operations depends on logistics to a great deal.

RESEARCH OBJECTIVE:- Supply Chain Operations Depends on