Supply Chain Management involves the broader coordination of all activities in the supply chain, while Logistic Management specifically focuses on the movement and storage of goods within that supply chain. Both are critical for ensuring the efficiency, effectiveness, and responsiveness of a company's operations in a competitive business environment.

Supply Chain Management refers to the end-to-end process of planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from the point of origin to the point of consumption. The supply chain encompasses all the activities and processes involved in the production and distribution of a product or service, from raw materials to the final consumer.

The key components of Supply Chain Management include:

1. Planning: Developing a strategy for how the supply chain will meet the requirements of the customer and the market.
2. Sourcing: Identifying and selecting suppliers to obtain the necessary materials and resources for production.
3. Production: Transforming raw materials into finished products through manufacturing or assembly processes.
4. Distribution: Managing the logistics of getting the finished products to the customer, including transportation, warehousing, and order fulfillment.
5. Coordination and Collaboration: Ensuring effective communication and collaboration among all stakeholders in the supply chain, including suppliers, manufacturers, distributors, and retailers.

Logistic Management: Logistic Management is a subset of Supply Chain Management that focuses specifically on the planning, implementation, and control of the efficient movement and storage of goods, services, and information within a supply chain. It involves the coordination of various activities, such as transportation, inventory management, warehousing, and order fulfillment, to ensure the smooth flow of products from production to consumption.

Key elements of Logistic Management include:

1. Transportation: Selecting the most cost-effective and efficient modes of transportation for the movement of goods.
2. Warehousing: Managing the storage of goods, including inventory control, order picking, and packing.
3. Order Fulfillment: Ensuring that customer orders are processed accurately and delivered on time.
4. Inventory Management: Optimizing inventory levels to balance the costs of holding inventory with the costs of stockouts.
5. Information Flow: Using technology and information systems to track and manage the movement of goods and share information across the supply chain.