Explain the relationship between supply chain management (SCM) and logistics. Identify the differences and similarities. Is one a part of the other? How does one support the other?

Each DQ need to be between 50 to 150 words.

 

DQ 1

Concepts and Trends in Supply Chain Management

  • Explain the relationship between supply chain management (SCM) and logistics. Identify the differences and similarities. Is one a part of the other? How does one support the other?
  • Identify the primary flows in a supply chain. Explain why there is flow in both directions and provide examples of each.
  • Identify at least three trends that impact SCM.

 

DQ 2

Strategies in Supply Chain Management

  • Explain the differences between vertical integration and outsourcing. Identify the strategic advantages of each and explain how each position can be used to help supply chain strategy.
  • Identify ways an organization can move from a “commodity” position to one of a cost and/or value advantage. Is a commodity position always bad and how can organizations differentiate themselves in this position?