What role does logistics play in supply chain operations?

Logistics is the part of the supply chain involved in managing the forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption to meet customers’ requirements.

What is significance of the logistics industry?

Logistics industry provides significant macro contributions to national economy by creating employment, and creating national income and foreign investment influx. On the micro scale, logistics industry is a key industry in increasing the competitive power of corporations.

How is logistics related to supply chain management?

The basic difference between Logistics and Supply Chain Management is that Logistics management is the process of integration and maintenance (flow and storage) of goods in an organization whereas Supply Chain Management is the coordination and management (movement) of supply chains of an organization.

What is the importance of logistics in business?

Logistics is an important element of a successful supply chain that helps increase the sales and profits of businesses that deal with the production, shipment, warehousing and delivery of products. Moreover, a reliable logistics service can boost a business’ value and help in maintaining a positive public image.

What is supply chain & logistics?

A supply chain is a network of businesses and activities that takes a product from raw material suppliers to end consumers. By definition, logistics refers to the processes of acquiring, transporting, and storing resources along the supply chain and logistics.

Why choose a career in supply chain management?

“A career in supply chain provides so much flexibility, and our skill sets can be applied across almost any industry you can think of. If you’re passionate about a certain industry, you can take your core skill sets in a number of different directions.”.

What can you do with a degree in logistic logistics?

Further progression could ultimately take you into a more general field of supply chain management. The most successful logisticians pursue executive offices, and some even go on to become CEOs. “60\% of young supply chain professionals surveyed described their work as exciting, and 56\% said their work is fascinating.

Why study logistics and Supply Chain Management at Lancaster University?

‘More broadly, a postgraduate degree in logistics and supply chain management helps graduates to advance their careers and secure promotion.’ One such course is the MSc Logistics and Supply Chain Management programme at Lancaster University.

What can you do with an inbound Supply Chain Management degree?

Procurement, sourcing, and purchasing functions are part of the inbound supply chain, which is a great place to gain an understanding of how sales, service, and inventory management, and logistics mesh together in balancing supply with demand.