Difference between Logistic Management and Material Management
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 :
|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.
Master Software Testing and Automation in an efficient and time-bound manner by mentors with real-time industry experience. Join our Software Automation Course
and embark on an exciting journey, mastering the skill set with ease!
What We Offer:
- Comprehensive Software Automation program
- Expert Guidance for Efficient Learning
- Hands-on Experience with Real-world Projects
- Proven Track Record with 10,000+ Successful Geeks