What is the history of logistics?
Logistics management originated by the British Army far before the outbreak of the First World War where a military supply chain system was developed by building infrastructure such as; roads, railroads, ports, airfields, supply stores and vehicles to transport weapons and troops.
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 are the 5 P's of logistics?
PRODUCT, PRICE, PLACE, PROMOTION AND PEOPLE IN THE MARKETING PROCESS.
Nomenclature. The term logistics is attested in English from 1846, and is from French: logistique, where it was either coined or popularized by Swiss military officer and writer Antoine-Henri Jomini, who defined it in his Summary of the Art of War (Précis de l'Art de la Guerre).
What are the 3 types of logistics?
These are inbound logistics, outbound logistics, and reverse logistics.
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.
What is logistic cycle?
Logistics management cycle includes key activities such as product selection, quantification and procurement, inventory management, storage, and distribution. Other activities that help drive the logistics cycle and are also at the heart of logistics are organisation and staffing, budget, supervision, and evaluation.
Here are the five key components of any logistician's job.
What are the two categories of logistics?
With logistics management in business, the focus is twofold: inbound logistics for internal functions and outbound logistics for the external flow from the point of origin to the point of consumption.18-Jun-2019
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.
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.
How to Make a Good Logistics Plan
Which is the first logistics company in the world?
UPS
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.
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.
Terms in this set (12)
What are the 7 supply chain functions?
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.
1PL - First-Party Logistics. 2PL - Second-Party Logistics. 3PL - Third-Party Logistics. 4PL - Fourth-Party Logistics. 5PL - Fifth-Party Logistics.
What are the key elements of logistics?
There are five elements of logistics:
Our framework encompasses four main configurations – the communicative, coordinated, collaborative, and co-opetitive – and we refer to these as the 4 C's in supply chain management.
What are the 3 main logistics objectives?
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 the history of logistics?