What is logistics in supply chain management PDF?
Logistic can be defined as the active management of supply chain activities to maximize. customer value and achieve a sustainable competitive advantage.
Logistics focuses on the movement and storage of items in the supply chain. Supply chain management (SCM) is more comprehensive, covering all of the coordination between partners that have a role in this network, including sourcing, manufacturing, transporting, storing and selling.25-Jul-2022
What are the 3 types of logistics?
Types of Logistics
The major cause of conflict for logistics and marketing interface is related to 5Ps (product, price, place, promotion and packaging) of marketing. Without the successful link of logistics and marketing, the firm may be unable to provide good customer service, resulting in dissatisfied customer or a lost sale.14-Jun-2019
What are the 5 basic steps of supply chain management?
Supply management is made up of five areas: supply planning, production planning, inventory planning, capacity planning, and distribution planning.
There are five elements of logistics:
What are the 7 R's of logistics?
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.
The roles of logistics feature transportation/delivery, storage, packaging, cargo handling, distribution processing, and information processing, and many systems have been put in place to deliver products from the production location or factory to the consumer quickly and on time.
What is logistics in simple words?
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.
Terms in this set (12)
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.
While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.
What are the 4 major logistic functions?
The four functions of marketing logistics are product, price, place and promotion.
The logistics cycle should be viewed as a complete list of activities from procurement of goods or materials to their final delivery to customers. The following main activities form a logistics cycle: Procurement. Transport and delivery. Warehousing – receipt and storage.20-Dec-2021
What are the 4 areas of logistics management?
There are four main types of logistics management, each emphasizing a different aspect of the supply process.
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. Communicating and collaborating with all parties is a business strategy that eliminates errors and saves money.07-Dec-2021
What are the 5 types of supply chain?
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
Supply chain management operates at three levels: strategic, tactical, and operational.12-Dec-2019
What are example of logistics?
The definition of logistics is the act of coordinating complex movements or projects or solving complex problems. An example of logistics is when you coordinate a military invasion. The aspect of military operations that deals with the procurement, distribution, maintenance, and replacement of materiel and personnel.
To summarize, Inbound Logistics refers to the movement of goods between businesses and their suppliers. In contrast, Outbound Logistics pertains to the flow of goods between companies and the end-user or consumer.
What are the three objectives of logistics?
The logistics strategy comprises three objectives (i) cost reduction, (ii) capital reduction, and (iii) service improvement. The cost reduction strategy is aimed at reducing the variable cost related to the movement and storage of goods.
What is logistics in supply chain management PDF?