Logistics
Logistics is the management of the flow of resources between the point of origin and the point of destination in order to meet some requirements, for example, of customers or corporations. The resources managed in logistics can include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as information, particles, and energy. The logistics of physical items usually involves the integration of information flow, production, material handling, packaging, inventory, transportation, warehousing, and often security. The complexity of logistics can be modelled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources and time are common motives.
The term Logistics Management is the part of SCM 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 requirements.
Components of logistic management 1. GENERIC COMPONENT-
CUSTOMER SERVICE: It brings about an interface of logistics with marketing that determines:
-Customer service requirements for products and/or competitive advantage;
-Corporate vision towards service goals;
-Service expectations of customers & their response;
-Development of customer service standard;
-Logistics cost-service trade-off;
-Infrastructural requirements; and
-Development of evaluation and appraisal mechanism.
2. PRIMARY COMPONENTS
NETWORK DESIGN-
-Number, size and location of facility network required to perform logistics operations;
-Relationships among locational facilities;
-Their cost and customer service capabilities; and
-Infrastructure of each facility centre.
TRANSPORTATION-
-Requirement, availability and regularity of the transport service;
-Modes of transport and co-ordination between them;
-Transport cost, freight and
The term Logistics Management is the part of SCM 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 requirements.
Components of logistic management 1. GENERIC COMPONENT-
CUSTOMER SERVICE: It brings about an interface of logistics with marketing that determines:
-Customer service requirements for products and/or competitive advantage;
-Corporate vision towards service goals;
-Service expectations of customers & their response;
-Development of customer service standard;
-Logistics cost-service trade-off;
-Infrastructural requirements; and
-Development of evaluation and appraisal mechanism.
2. PRIMARY COMPONENTS
NETWORK DESIGN-
-Number, size and location of facility network required to perform logistics operations;
-Relationships among locational facilities;
-Their cost and customer service capabilities; and
-Infrastructure of each facility centre.
TRANSPORTATION-
-Requirement, availability and regularity of the transport service;
-Modes of transport and co-ordination between them;
-Transport cost, freight and