1a.What logistics management?
b. State the six rights in an effective logistics management system.
Logistics is defined as process of planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from point of origin to the point of consumption for the purpose conforming to customer requirement, which also includes the inbound, outbound, internal, and external movements and return of materials for environmental purposes.
Logistics Management is the governance of supply chain functions. Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design,
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The goods must also be delivered at the right time that is the goods must be provided as and when it’s needed. For example for a time bound or seasonal product like daily graphic, rain coat, the product will be of no use to the customer when it is supplied late.
Lastly, the goods must be provided at the right cost. Thus the cost of acquiring the product should be what the consumer will be sure of achieving value for his money. The six rights should be rightly blended to ensure better customer satisfaction.
ASSIGNMENT
INDEX NUMBER: WBLSC/080003
CLASS: LEVEL 400 WEEKEND
COURSE: LOGISTICS AND SUPPLY CHAIN MANAGEMENT
QUESTION: Define retail logistics and explain its functions.
SOLUTION
Logistics is the function of making goods and other resources physically available for use as and when required. This generally includes two basic activity of moving or transporting these resources and storing them at different location till required for use or further transportation.
Retail logistics is the organized process of managing the flow of merchandise from the source of supply to the customer. Gibson G. Vedamani.
Retail logistics performs numerous functions and among these are as follows;
Inbound and outbound transportation. Retail logistics conduct physical movement of goods from the wholesalers point to their premises and
Logistics: that part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point-of-origin to the point-of-consumption in order to meet customers’ requirements (CLM, 1999).
Logistics is the planning and moving of supplies, food, equipment and people from the point of the supplier to the place/people who need them. The military operations of the British suffered significantly because of a logistical system that was not able to sustain supply lines. The 3000-mile journey that the supplies had to make from the host country to the New World was an instance when this supply system failed the British. This inability would sometimes be caused by weather that “struck convoys and the ships would be forced to turn back or be diverted to other places. Others would continue on with the journey and then have to wait for the weather to break while their cargoes rotted” or died, and would not make it to the New World. Additional causes would be “profiteering, poor supply procedures and privateering” (McCoy, 2012).
4. Logistics is a critical part of a supply chain that is an integration of the logistics systems in all the organizations
Outbound logistics refers to physical distribution activities such as collecting, storing, and distributing products to buyers and involves (finished goods) warehousing, materials handling, network planning and management, order processing, and
The Distribution and Logistics segment is in-charge of determining the products retrieval and transportation from the storage to the retailers. These products may be transported to retailers directly, or may
Logistics is a very important part in the world now. And it plays a major part in the supply chain process. Without logistics the supply chain is a hard to continue. In a logistics system there are some parts such as Transportation, Information systems, Customer service, Inventory management, Materials management and Warehouse management. And in this Warehouse management plays a major role in the supply chain. In the supply chain process there are some parts that needs attention. After the raw materials are provided to manufactures the goods are sent to warehouses. Warehouse is the place where they store the goods which is to be sent to customers or other businesses. A Warehouse is a place where you store goods. It’s for further processing. There are some types of warehouses such as Public warehouses, Private warehouses, Leased warehouses and Contract
The purpose of this paper is to provide details of the two competitor company’s regarding the dissimilarity of supply chain and the current production and distribution data. It also provides the details of the current use of available technological infrastructure and ways to improve and identify the strengths and weaknesses of the regional and international transportation regulations in order to analyze and determine the best approach to match the competitor’s price.
Since logistics is one of the non-core activities, the present logistics system needs to be analyzed to determine the most efficient and effective strategy that will be aligned with the companies objectives.
Inbound logistics – The processes related to the storage, purchase, receiving and distributing of goods internally.
Difference between Logistics and Supply Chain Management: Logistics involves activities that occur within the scope of an individual organization, which focuses on interest in activities such as purchasing, distribution, warranty, etc. Supply chain management involves systematically involving companies and incorporating activities to deliver products to the market. It is also part of the supply chain. Include all logistics issues but add other activities like marketing, new product development, finance and customer service. Is a cross-cutting activity throughout the entire manufacturing
Logistics manager: logistics manager is the one who is responsible for the storage and distribution of goods means
Design for logistics is a series of concepts in the field of supply chain management involving product and design approaches that help to control logistics costs and increase customer service levels. The concepts include the three key components, Economic packaging and transportation, Concurrent and parallel processing, and Standardization.
First I introduce the logistics, logistics is define that the art and science of obtaining, producing and distributing material and product in the proper place and in the proper quantities. It is rapidly involving business disciplines that involve management to be deprecation warehousing, transportation,
Logistical operations has come a long ways since the 1800’s, in the past workers would just place items on ships bound for their destination without the knowledge and concept of maximizing space, and basic operation. Today a lot more specification goes into the planning and procedures of logistics operation. Before a company decides to ship materials or products they take into consideration a number of things. A company will look into the most efficient form of transportation for their products, and that might be by air, land or sea. After that decision is made, companies take
3. The objective of logistics is to obtain efficiency of operations through the integration of all material acquisition, movement, and storage activities in the firm.