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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