What is logistics management Slideshare?
• The term Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers' requirements.04-Sept-2016
Logistics Management PPT with PDF: Logistics management is defined as a process of management that joins the movement of products, services, data, and capital from the stage of raw materials to the consumer end product. Activities of logistics are categorized into two types and those are as below: Inbound logistics.03-Apr-2017
What is logistics management and its functions?
Logistics management is part of the supply chain. It involves planning, implementing, and overseeing the effective storage of goods and their transportation from the point of origin until the final destination (the point of consumption). In other words, logistics manages forward and reverse merchandise flows.
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
Why is logistic management important?
Provides quality customer satisfaction Good logistics management creates reliable strategies that help provide superior services to meet customer demand. Additionally, a business would be able to get repeat orders through the creation of goodwill for the supplier every time a better and/or timely delivery is met.30-Aug-2018
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.
Top must-have features of Logistics Management Software
What is the concept of logistics?
Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of consumption. The goal of logistics is to meet customer requirements in a timely, cost-effective manner.
Terms in this set (12)
What are the 4 major logistics 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 is logistics and its types?
Logistics can be split into five types by field: procurement logistics, production logistics, sales logistics, recovery logistics, and recycling logistics. Each of these is explained in detail, but first we should learn about logistics fields and types.
Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply/demand planning, and management of third party logistics services providers.
What are the advantages of logistics?
Top 6 Efficient Logistics Management Benefits
Logistics is a specialized field of its own comprised of shipping, warehousing, courier services, road/rail transportation, and air freight. Retail companies become involved in supply chain management to control product quality, inventory levels, timing, and expenses.26-Feb-2021
What is logistics and SCM?
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
Understanding Logistics in Management and Business For example, in the natural gas industry, logistics involves managing the pipelines, trucks, storage facilities, and distribution centers that handle oil as it is transformed along the supply chain.
What is the most important thing in logistics?
In such cases, storage units and warehouses become part of the process. Proper logistics planning provides organization and synergy and becomes essential to ensure proper maintenance and handling of the goods. Planning is one of the most important components of Logistics management.19-Oct-2021
How to Make a Good Logistics Plan
What is logistics mix?
To meet these requirements the manager has to consider individually and then to co-ordinate the seven key decision areas which together constitute what has been termed the "Logistics Mix". These seven elements are: Inventory Facilities Communications Unitisation Transport Materials management Production scheduling.
What is logistics management Slideshare?