Supply Chain Management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.
- Logistics is the process / chain management of transport flow and the storage of goods and services from its origin to it consumptions.
- It includes both inbound & outbound movements.
- Supply chain management can be divided into 3 main flows: Product flow, Information flow and Finances flow.
Ranked among the Best and Top MBA– Logistics and Supply Chain Management Colleges in India – Vivekananda Global University , facilitate students with an intellectually stimulating environment and course curriculum widely spread over practical training, project work, expert lectures and more. While theory gives you opportunity to understand the intricacies of the subject, the well-equipped laboratories provide enriched practical understanding and real-time exposure.
Industry Overview:
Logistics and Supply Chain Management play an important role in the industrial advancement of the country. They are a fundamental part of business infrastructure and one of the key enablers in the global supply chain.
By 2022, India’s market size of logistics sector is expected to reach US$ 215 billion. Investment in the logistics sector is expected to reach US$ 500 billion annually by 2025.
Investment in the logistics sector is expected to reach US$ 500 billion annually by 2025. Warehousing in India is expected to get investment of Rs 50,000 crore (US$ 7.12 billion) between 2018-20.
