Since logistics involves the range of activities related to the production and distribution of goods for consumption, it is composed of two separate but integrated branches; materials management and physical distribution .
What is the concept of logistics management?
Logistics management is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related information flows) through the organization and its marketing channels in such as way that current and future profitability are maximized through the cost- ...
What are the key concepts in logistics?
- Classification of Logistical Activities: ...
- (i) Cost Reduction and Profit Maximization: ...
- (ii) Efficient Flow of Manufacturing Operations: ...
- (iii) Competitive Edge: ...
- (iv) Effective Communication System: ...
- (v) Sound Inventory Management: ...
- (i) Network Design:
What type of concept is logistics?
Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination . Logistics management involves identifying prospective distributors and suppliers and determining their effectiveness and accessibility. Logistics managers are referred to as logisticians.
Which is the most popular concept of logistics?
The most popular concepts of logistics management is the concept of the seven ARS . It is concerned with getting the right product in the right quantity in the right condition at the right place at the right time to the right customer and at the right price.
What are the 7 R’s of logistics?
So, what are the 7 Rs? The Chartered Institute of Logistics & Transport UK (2019) defines them as: Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price .
What are the 12 elements of logistics?
- Design Interface. ...
- Sustaining Engineering. ...
- Supply Support. ...
- Maintenance Planning & Management. ...
- Packaging, Handling, Storage, and Transportation. ...
- Technical Data. ...
- Support Equipment. ...
- Training & Training Support.
What are the three types of logistics?
When referring to logistics flows, we are talking about the movement and direction of certain goods, parcels, packages, items, or information within a supply chain network.
What are the five major components of logistics?
- Storage, warehousing and materials handling.
- Packaging and unitisation.
- Inventory.
- Transport.
- Information and control.
What are the four major functions of logistics?
The four functions of marketing logistics are product, price, place and promotion .
What are examples of logistics?
- Inbound transportation.
- Outbound transportation.
- Fleet management.
- Warehousing.
- Materials handling.
- Order fulfillment.
- Inventory management.
- Demand planning.
What are the types of logistics activities?
- 1) Order processing.
- 2) Materials handling.
- 3) Warehousing.
- 4) Inventory control.
- 5) Transportation.
- 6) Packaging.
What are the objectives of logistics?
The ultimate goal of logistics is: “ To coordinate all efforts of the company to maintain a cost effective flow of goods .” Word, ‘Logistics’ is derived from French word ‘loger’, which means art of war pertaining to movement and supply of armies. A military concept, fighting a war requires: Setting of an objective.
What are the importance of logistics?
Logistics is an important element of a successful supply chain that helps increase the sales and profits of businesses that deal with the production, shipment, warehousing and delivery of products . Moreover, a reliable logistics service can boost a business’ value and help in maintaining a positive public image.
What is the job description of logistics?
Logistics managers are responsible for planning, coordinating, and monitoring logistics operations such as warehousing, inventory, transportation, and supply chain processes. Logistics managers typically supervise a team of warehouse staff or other logistics specialists.
