What are the subjects in logistics and supply chain management?

What are the subjects in logistics and supply chain management?

Course Subjects

• Managerial Economics.
• Marketing Management.
• Human Resource Management.
• Logistic Management.
• International Marketing.
• Strategic Management.

What are the 4 main areas of supply chain?

Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.07-Dec-2021

What are the 3 types of logistics?

Types of Logistics

• Logistics Fields.
• Procurement Logistics: Procuring Raw Materials and Parts.
• Production Logistics: Materials Management, Distribution in Factories, Product Management, Shipping.
• Sales Logistics: Delivery from Warehouse to Wholesalers, Retailers, and Consumers.

What are the four 4 stages of supply chains?

What are the components of your supply chain you should be focusing on right now?

• INTEGRATION. Integration starts at your strategic planning phase and is critical throughout your communications and information sharing and data analysis and storage.
• OPERATIONS.
• PURCHASING.
• DISTRIBUTION.

What subjects do I need to study logistics?

The certificate must be in any of the following fields: management, marketing, hospitality, tourism, office administration, information technology, computer science, finance, economics or accounting.

What do I need to study for logistics?

Bachelor of Commerce in Logistics Management - this degree takes 3 years to complete, and by its completion, the student will be competent in the understanding and interpreting of logistics management principles.

What are the 7 principles of SCM?

• Adapt Supply Chain to Customer's Needs.
• Customize Logistics Network.
• Align Demand Planning Across Supply Chain.
• Differentiate Products Close to Customer.
• Outsource Strategically.
• Develop IT that Support Multi-Level Decision Making.
• Adopt Both Service and Financial Metrics.

What are the 3 types of supply chain?

The three levels of supply chain management are strategic, tactical and operational.

• Strategic Planning. This level of supply chain management is responsible for developing long-term plans that outline the company's overall objectives and goals.
• Tactical Planning.
• Operational Execution.

What are the 7 supply chain functions?

The functions of a supply chain include product development, marketing, operations, distribution, finance, and customer service. Today, many supply chains are global in scale. Effective supply chain management results in lower costs and a faster production cycle.

What is 2PL 3PL 4PL?

1PL - First-Party Logistics. 2PL - Second-Party Logistics. 3PL - Third-Party Logistics. 4PL - Fourth-Party Logistics. 5PL - Fifth-Party Logistics.

What is 3PL and 4PL in logistics?

A 3PL (third-party logistics) provider manages all aspects of fulfillment, from warehousing to shipping. A 4PL (fourth-party logistics) provider manages a 3PL on behalf of the customer and other aspects of the supply chain.

What logistic means?

Logistics is used more broadly to refer to the process of coordinating and moving resources – people, materials, inventory, and equipment – from one location to storage at the desired destination. The term logistics originated in the military, referring to the movement of equipment and supplies to troops in the field.

What are the 3 foundations of supply chain?

Generally the key aspects of Supply Chain management are Purchasing (sourcing), Planning (scheduling) and Logistics (delivery).30-Oct-2018

What is supply chain life cycle?

In short, a supply chain life can be separated into three stages: 1) formation, 2) operation and 3) extinction. Each step is critical to the next step, even extinction is critical to the next formation and the overall success for the supply chain and the overall continuity of the business.09-Oct-2008

What are the 5 basic steps of supply chain management?

The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.31-Aug-2020

Is there a lot of math in logistics?

Yes. Many advanced tools and techniques in supply chain planning, such as machine learning, inventory management, predictive maintenance, and automation, all rely heavily on mathematics.02-Dec-2021

Which logistics course is best?

Some of the top courses in logistics & supply chain management that can help professionals grow in their career are:

• Principles of Global Logistics Management on FutureLearn.
• Supply Chain Management by IIM Ahmedabad.
• Advance your career in Supply Chain Management on edX.
• Supply Chain Management Specialization on Coursera.

Is logistic a good career?

The median salary for workers in the transportation and shipping industry is over $50,000 per year. With experience and a successful career, logisticians can make upwards of six figures. A logistics degree can lead to various high-paying jobs in the shipping and transportation industry.

How long is logistics course?

Based on credits and notional hours of this qualification, the minimum duration is one year and the maximum duration is three years of study.

Why do people study logistics?

Why is learning logistics important? Businesses depend on logistics professionals to keep production and delivery moving forward. Studying logistics is the first step toward meeting this critical business need and building the foundation for a future-proof career.08-Feb-2022

How do I start a career in logistics?

Candidates who are willing to make a career as a logistics analyst are required to have a bachelor's degree in engineering, business management degree in engineering, business management, supply chain, mathematics or a related field. Internships in the respective field can add an extra edge to the resume.27-May-2020

What are the subjects in logistics and supply chain management?