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Difference between Logistic Management and Inventory Management
  • Last Updated : 19 Nov, 2020

1. Logistics Management :
Logistics Management, as name suggests, is a part of supply chain management that mainly focuses on management of resources that are bought, stored, and then transported to to desired destination.

2. Inventory Management :
Inventory Management, as name suggests, is a management that mainly focuses on management and maintain stock level of particular goods or products at right place and time.



Difference between Logistic Management and Inventory Management :

Logistics ManagementInventory Management
It mainly focuses on management flow of goods and services.It mainly focuses on management of resources, goods, materials, etc. required for production.
It simply handles delivering of product to customer on time at appropriate location.It simply handles storage of product, no. of products or goods stored in warehouse, etc.
Process of logistic management includes organizing, planning, implementing and controlling flow of goods, products efficiently.Process of inventory management includes controlling, storing, and keeping track of inventories of company or organization.
Various logistic management software’s are  ViewPoints, Acumatica ERP, EnVision, etc.Various inventory management softwares are Ordoro, Upserve, TradeGecko, Fishbowl Warehouse, Fishbowl Manufacturing, etc.
Main objective of logistic management is to move all inventories more effectively and efficiently in supply chain and to increase level of customer satisfaction.Main objective of inventory management is to maintain inventory at appropriate level simply to avoid any shortage of inventories.
It perform various activities like material handling, order fulfillment, fleet management, inventory control, etc.It perform various activities like contingency planning, accurate forecasting, regular auditing, manage relationships, etc.
Logistic management provide various benefits such as saves cost, increase customer satisfaction, improves performance, improves flexibility, etc.Inventory management provide various benefits such as saves cost, reduce risk of overselling, simplify inventory management, increase profit, etc.

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