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logistics. Course ... Goals: This course is designed to give the student an
understanding of logistics and supply chain management. The ...
anticipatory logistics. ANTICIPATORY LOGISTICS IN THE CORPORATE WORLD What
is anticipatory logistics? It's a system made of information ...
Logistics. WHAT IS LOGISTICS MANAGEMENT? ... Creating logistics value is costly. Logistics
accounts for one of the highest costs of doing business. ...
Reverse Logistics. Reverse logistics and the return portion of the supply chain
is often an overlooked and mismanaged process. ... What Is Reverse Logistics? ...
Logistics. INDEX ... structure. Thus company board has decided to create a new
position for a head of logistics & supply chain management. ...
Submitted by patelag on April 19, 2008
Category: Business
Words: 1675 | Pages: 7
Views: 177
Popularity Rank: 67,189
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WHAT IS LOGISTICS MANAGEMENT?
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“Logistic is the process of planning, implementing and controlling the efficient, effective flow of goods storage of goods, services and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements”
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.
Creating logistics value is costly. Logistics accounts for one of the highest costs of doing business. Logistics expenditure normally ranges from 5% to 35% of sales depending on the type of business. Thus logistics even though very important for any business success is expensive.
VARIOUS DEFINITIONS OF LOGISTICS MANAGEMENT
Logistic management encompasses all materials flows management, from the inflow of purchased materials into works (i.e. materials planning of raw materials components and other products, transport of materials from suppliers to works, receiving and inspection and storage of materials) materials flow through manufacturing processes (i.e. materials issues and materials handling) and material (flow to customers (physical distribution (Refer fig.1 for these relationships)
Materials Logistics physical distribution
Management Management
Fig.1
(Relationship between logistics and other)
Schmidt describes logistics management as:
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