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Importance of logistics management
Logistics management
Logistics management
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Logistics is the bed rock of trade & business: - Without selling & or buying there can be no trade & business. Buying & or selling takes place only when goods are physically moved into & or away from the market. Leads to customer satisfaction through superior customer service:- Organizational objectives of P [Productivity],Q [Quality],C [Cost],D [Delivery],E [Employee fMorale],F [Flexibility],S [Safety],H [Health],E [Environment] are set to meet customer expectations of Q,C,D. Q, C, S, H, E is parts of must be quality that a customer expects. Logistics addresses D, F objectives which lead to customer satisfaction through superior customer service
Integrates logistical activities: - In conventional management environment, various activities
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• Facilitation of relevant manufacturing & marketing. Making finished goods available to the customers in the market. Procuring, moving & storing of agricultural products. Providing competitive edge in commodities market
• Event Logistics :- The net work of activities, facilities & personnel required to organize, schedule & deploy the resources for an event to take place & to efficiently withdraw after the event
• Service Logistics :- The acquisition, scheduling & management of the facilities/assets, personnel & materials to support & sustain a service operation
• Military Logistics: - Design & integration of all aspects of support for the operational capability of the military forces [deployed or in garrison] & their equipment to ensure
• Readiness, reliability & efficiency.
• Third-party Logistics: - Third-party logistics involves the utilization of external organizations to execute logistics activities that have traditionally been performed within an organization itself. According to this definition, third party logistics includes any form of outsourcing of logistics activities previously performed in-house. Example: - A company with its own transport facilities decides to employ external warehouse specialist, this would be an example of third party
Joint Publication 3.0 entitled Joint Operations, defines Joint Sustainment as the provision of logistics and personnel services necessary to maintain and prolong operations through mission accomplishment and redeployment of the force. Joint Publication 4-0 further states, “Effective joint logistics planning identify future requirements and proposes solutions; it requires joint logisticians to understand the commander’s intent and concept of operations (CONOPS).” Logisticians use seven principles in their planning at the strategic, operational, or tactical level of war to ensure operations are logistically supportable. These principles are responsiveness, simplicity, flexibility, economy, attainability,...
...tbound Logistics: The outbound logistics include the movement of the finished goods from the manufacture to the retail stores or a warehousing facility for later use.
The most important stage of the value chain is inbound logistics, because they have the chance to build value in advance. Thus, the factors of this phase are considered to be upward action. In this case, logistics task including the goods received from suppliers cargo storage, loading and unloading and the inside of the transport of goods, and lay the product on the shelf. Tesco is trying to retain consumer choice, at the levels of the store, at the same time increase the efficiency of its distribution system. For damaged goods and products quality control program of the application, it provides less unfairly assume cost, company a great opportunity, therefore, to prevent these costs on to consumers by to potentially add value for the company.
...dustrial Distribution allows me to pursue my interests in both Business and Engineering, and therefore I chose that major. Also, it will help me to build my personal characteristics that will make me successful in this major. As my education continues, I look forward to learning how manufacturers and distributors maintain good communication and relations, so that the products can be distributed efficiently and avoid problems. If there are problems, I would also like to comprehend ways to solve those problems. In the future, I hope to work for a company such as Amazon, Dell, or Boeing in the field of logistics. These companies depend on logistics in planning and conducting their operations. Since logistics and relations between manufacturer and distributor are critical to the everyday operations of businesses, understanding this will help me in my future endeavors.
Royal Caribbean Cruise Ltd (RCCL) has two distinct supply chains which create a unique challenge. Each supply chain is managed by a Provision Master. The first supply chain includes all food, beverage, and lodging inventories that needed for the trips. The second supply chain encompasses “corporate spend” materials, such as office supplies, printing services, hardware and software, printed materials, computer supplies, marine consumables (spare parts, fuel, lubricants, any and all services associated with the ship maintenance and etc).
-Stores are very much dependent on logistics to provide ease of shopping, cost cutting and generating better financial choices for the customer
Based on the customers’ needs and market conditions, third party logistics provider normally provide the integrated operation, warehousing and transportation services that can be customized and scaled. For instance, the different requirements for delivery services and the different demands for products and materials can be scaled and customized for different customers. 3PL targets a particular function in supply management, such as warehousing, transportation, or raw material provision. (O'Byrne, 2011)
Logistics exists to satisfy customer requirements by facilitating relevant manufacturing and marketing operation. The main responsibility of logistic is the geographical positioning of raw materials, work in process and finished inventories at the lowest possible cost.
Outbound logistics: They are made up of centralized logistic centers to promote efficiency, global network, reduced emission of CO2 by 22% to ensure ecological sustainability and lastly to improve customer service.
Harrison, A. and Van Hoek, R. (2008) Logistics Management and Strategy, 3rd ed., England: Pearson Education
Logistics Interfaces with Marketing. Logistics is often referred to as the other half of marketing and plays an important role through the physical movement and storage of goods in selling a product. Interfaces with marketing are discussed in terms of price, product, promotion, and place elements of the marketing mix. Logistics pricing decisions concern carrier pricing, matching discount schedules to transportation rates, and volume relationships affecting the ability to move and store products.
Why Is Managing Inbound Logistics Important To An Organization? Inbound logistics relates to the movement of goods or the materials from suppliers and vendors into manufacturing procedures or storeroom facilities. Inbound logistics basically comprises of two functions that are the purchase of materials and the logistics that are the procurement and planning. The management of inbound logistics is important to organizations for two major reasons, one that relates to the organization and the other that relates to the suppliers and vendors. Of course, reducing costs by effective management of inbound logistics does not mean that suppliers and vendors are effective negatively. There got to be a way where both take advantage of effective management of inbound logistics otherwise there would be costs increment at other instances (Gonzalez, 2002). Managing inbound logistics is important because managing the expenses of movement of goods all the way through the supply chain is an enormous task for both the shippers and deliverers. A particular consignment comprises of both inter and the intra organizational dealings and exchanges. During this interchange and communication, data and information is required by different people in addition to customers, vendors, transporters, customer service agents, secretarial, acquisition, product management, inventory supervision, storehouse administration, and completion. Companies procure transportation services with specific carrier partners that both meet their requirements for price & service and have a solid understanding of the nuances of their business needs. Additionally, these companies establish business processes and rules of engagement to facilitate the efficient flow of information and m...
Distribution- work on alternatives of outsourcing the distribution network or transportation routes. Should focus on outsource this non-core business activities if it is non-profitable. It is costly by not understanding the multi distribution network in standard line delivery (Multiple drop off points through retail channel sales)
Preceding from this understanding and being a logistics staff officer, my carrier is full of logistics proble...
There are two main phases that are important in the movement of materials: material management and physical distribution. Materials management is the timely movement of raw materials, parts, and supplies. The physical distribution is the movement of the firm’s finished products to the customers. Both phases involve every stage of the process including storage. The ultimate goal of logistics is to coordinate all efforts of the company to maintain a cost effective flow of goods.