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Logistics Management Notes For University Level

Institution: University

Course: Supply Chain Management

Content Category: Class Notes

Posted By: csolutions24

Document Type: DOCX

Number of Pages: 52

Price: KES 1000
 
    

Views: 483     Downloads: 2

Summary

UNIT TITLE: LOGISTICS MANAGEMENT
CHAPTER ONE: INTRODUCTION TO LOGISTICS MANAGEMENT
Definition of terms
Logistics
Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination.
Logistics is used more broadly to refer to the process of coordinating and moving resources – people, materials, inventory, and equipment – from one location to storage or a desired destination usually the point of consumption.
Logistics was initially a military-based term used in reference to how military personnel obtained, stored, and moved equipment and supplies. The term is now used widely in the business sector, particularly by companies in the manufacturing sectors, to refer to how resources are handled and moved along the supply chain.
Logistics Management
This 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.
Key components of Logistics -Key activities
The logistics activities can be classified into
a) Core activities
b) Supporting activities
a) Core
They contribute the most to the total cost of logistics or they are essential to the effective coordination and completion of the logistics task.
These are mentioned below:
1. Customer service
2. Transportation
3. Inventory management
4. Information flow
5. Order processing.
b) supporting
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