What is the difference between supply chain management and material management?
Asked by shobha fv
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1 Answer
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Hi Shobha,
Supply chain Management is the study relating to the entire operations of a Industry starting from getting the orders from the customers, planning and procuring the materials, production planning, dispatches and delivery to the Customer. All the above stated functions are connected together as a chain and hence the managing of the supply chain is known as Supply Chain Management. The coordination and management of the supply chain activities are known as Supply Chain Management.
Material Management is the study relating to the procurement, storage and dispatch of the materials and it is one part of the supply chain management....more
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