Logistics involves planning, implementing, and controlling the flow of goods and materials from origin to consumption to meet customer needs efficiently. It aims to have the right inventory in the right place at the right time. Logistics management is part of supply chain management and plans, implements, and controls efficient forward and reverse flow of goods, services and information between origin and consumption. Supply chain management coordinates suppliers, factories, warehouses and stores to produce and distribute the right quantity of merchandise to the right location at the right time to minimize costs while fulfilling demand.
2. Logistics is a process of Planning,
implementing, and controlling the efficient,
effective flow and storage of goods and
materials between the point of origin to the point
of consumption.
Logistics means having the right thing, at the
place, at the time and in the desired condition and
quantity in relation to customers order
3.
4. 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
customer's requirement.
5.
6. Supply Chain Management is primarily
concerned with the efficient integration of
suppliers , factories, warehouses and
stores so that merchandise is produced
and distributed in the right quantities , to
the right location and the right time , and
so as to minimize total system cost subject
to satisfying serve level requirements.
7.
8. Logistics Management
The process of integrating of
movement and maintenance
of goods in and out the
organization in logistics.
Customer Satisfaction
The concept of logistics
has been evolved earlier.
Single
SCM
The coordination and
management of the supply
chain activities are known as
supply chain management.
Competitive Advantage
Supply Chain Management
is modern concept.
Multi
Meaning
Objective
Evolution
How
many
Organization
are
involved?
9. Customers must be given more importance than the
goods and services that have to be delivered.
Products and services are of significance to
customers only when then are available to them
exactly when customers need them.
Organizations should focus more on profitability than
on sales volumes. The number of transactions is a
better measure of profitability than the volume of
sales.
10. Improve Profit
Improve Market Share
Improve Cash Flow
Introduce new products
Rapid coverage
Better Customer Service
Material Management , Warehousing
,Transportation , Distribution e.t.c
11.
12. It is important because;
It reduce cost of products and increase profit of
the firm.
It maintain the efficient flow of manufacturing.
It helps the firms to sustain in the competition
market.
It helps to create effective communication with
customers.
It mainly helps in to maintain correct amount of
inventory for future
It improve the customer satisfaction.
13. Logistics is very old term, firstly used in the
military, for the maintenance, storage and
transportation of army person and goods.
Nowadays, this term is used in many
spheres, not specifically in military after the
evolution of the concept of supply chain
management.
Scm helps logistics to be in touch with the
transportation, storage and distribution team.