Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Logistics Management
1.
2. Logistics is the … “process of planning,
implementing, and controlling the efficient,
effective flow and storage of goods, services,
and related information from point of origin to
point of consumption for the purpose of
conforming to customer requirements.”
WHAT IS LOGISTICS?
3. 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.
4. Not really!
“ Supply Chain Management deals with the
management of materials, information and
financial flows in a network consisting of
suppliers, manufacturers, distributors, and
customers”
So, Logistics and Supply Chain are equivalent
terms.
IS IT DIFFERENT FROM SUPPLY CHAIN
MANAGEMENT?
7. NATURE AND CONCEPTS
Logistics is the management of the flow of goods,
information, and other resources, including energy and
people, between the point of origin and the point of
consumption in order to meet the requirements of
consumers (frequently, and originally, military
organizations).
8. TYPES OF LOGISTICS
A.INBOUND LOGISTICS
B.OUTBOUND LOGISTICS
C.THIRD PARTY LOGISTICS
D.FOURTH PARTY LOGISTICS
E.REVERSE LOGISTICS
9. A. INBOUND LOGISTICS
Inbound logistics refers to the
transport, storage and delivery of goods coming
into a business.
10. A. INBOUND LOGISTICS
EXAMPLES
A.Sourcing and vendor selection for supply of
raw materials and manufacturing parts
B.Inbound transportation and procurement
planning
C.Raw materials warehousing including
consolidation warehousing
D.Management of Inventory
E.Information system for effective support
strategic alliances with the supplies and
transporters
12. B. OUTBOUND LOGISTICS
Outbound logistics refers to the same for the
goods going out of a business. Inbound and
outbound logistics combine within the field of
supply-chain management, as managers seek to
maximize the reliability and efficiency of
distribution networks while minimizing
transport and storage cost.
14. Outbound logistics system is concerned
with the flow of finished products from
factory warehouse to the customers
through a distribution network comprising:
The Wholesalers
Distributors
Retailers
Regional Warehouses
Transporters
The inventory at all levels
Sales order processing
Accounts receivable realization and
Counter flow of information from the customers to the factory
15. C. THIRD PARTY LOGISTICS
A 3PL (third party logistics) is a provider of
outsourced logistics services. Logistic services
encompass anything that involves management
of the way resources are moved to the areas
where they are required. The term comes from
the military.
17. D. FOURTH PARTY LOGISTICS
This evolution in supply chain outsourcing is
the Fourth-party Logistics or 4PL. A 4PL
provider is a supply chain integrator. The 4PL
assembles and manages all resources,
capabilities and technology of an organization’s
Supply Chain and its array of providers.
19. E. REVERSE LOGISTICS
Reverse logistics is for all operations related to
the reuse of products and materials. It is “the
process of moving goods form their typical final
destination for the purpose of capturing value, or
proper disposal.
21. MAJOR FEATURES OF LOGISTICS
MANAGEMENT
Smooth flow of all types of goods such as raw
materials, work in process and finished goods.
Meeting customers expectations about the product and
related information requirements
Real time flow of information about products demand
and availability
Best possible customer service at the least possible
cost
Delivery of quality product in required quantity
without excessive safety stock
Integration of various managerial functions for
optimization of resources.