1. Logistics Management :
Logistics Management, as name suggests, is a part of supply chain management that mainly focuses on management of flow of goods and services i.e. supply chain management and meet customer requirements.
2. Material Management :
Material Management, as name suggests, is a management that mainly focuses on management of supply chain activities such as activities that are related and concerned with materials and inventory requirements.
Difference between Logistic Management and Material Management :
Logistics Management |
Material Management |
It mainly focuses on management of functions of supply chain i.e. flow of goods and services. |
It mainly focuses on management of activities related to flow of materials. |
It deals with integrating flow of information and its management tools. |
It deals with tangible components i.e. equipment’s, inventory, etc. |
Process of logistic management includes includes planning, implementing and controlling efficient flow of goods and services. |
Process of material management includes planning, organizing and controlling activities that are associated with flow of material within organization or company. |
Its main objective is to fulfill order requirements, delivery requirements, quality requirements and cost requirements. |
Its main objective is to continuous chain of components or materials for production so that goods can be manufactured on time for users or customers. |
It handles one ore more aspects of logistics i.e. supply chain, warehousing, etc. of company or organization. |
It handles different manufacturing or material handling processes at various level of clarity. |
Various logistic management software’s are Jaix, Ramco, SoloPlan, Sagar, etc. |
Various material management software’s are Horizon ERP, Torqus POS, Zenscale, etc. |
This management provide various benefits such as it increases customer satisfaction, improve efficiency, reduce costs, etc. |
This management provide various benefits such as it improves customer service, reduce inventory excesses, improves labor productivity, cash flow savings, etc. |
It is used in various fields such as production logistics, procurement logistics, recovery logistics, recycling logistics, etc. |
It is used in various fields such as inventory management, value analysis, etc. |
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Last Updated :
19 Nov, 2020
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