What is the basic 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.
Storage, warehousing and materials handling. Packaging and unitisation. Inventory.
What are the 3 types of logistics?
Types of Logistics
Transportation costs
What is the most basic goal of logistics management?
The primary goal of logistics management is to provide better customer service. Logistics management aims to eliminate processing errors by establishing a streamlined process flow.25-Feb-2020
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.
What are the 4 key processes in logistics?
Logistics operations: 4 key processes
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 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.
In this step, we look at the 7 Rs 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 is a logistics cycle?
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
Here are the five major components of logistics management:
What are the 4 basic costs of transportation?
The cost of transportation stems from the resources it requires—labor, equipment, fuel, and infrastructure.
overall logistics costs into three key components: transportation costs, inventory carrying costs, and administration costs.
What are the main types of logistics cost?
Main types of logistics cost
What is the goal of logistics management? It is to minimize the costs of logistics activities. It is to meet the customers' requirements.
What is logistic system?
A logistics system (LS) is a network of organizations, people, activities, information, and resources involved in the physical flow of products from supplier to customer.
The task of manufacturing logistics is to reduce production lead times, that is, the time from the moment a work order is created until it becomes a finished product. In fact, to cut manufacturing times, many industrial firms are turning to local materials and components suppliers.17-Sept-2020
What are logistics activities?
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.
Terms in this set (12)
What is the example of logistics?
Logistics refers to what happens within one company, including the purchase and delivery of raw materials, packaging, shipment, and transportation of goods to distributors, for example.
What is the basic concept of logistics?