INTRODUCTION TO LOGISTICS MANAGEMENT

Cards (35)

  • Logistic Management known to be an integral part of the SC as it includes activities like planning and managing the transportation of goods from the point of origin to their final destination.
  • Logistics Management
    Its activities consist of product packaging, materials handling, warehousing, Inventory, and so on.
  • Logistics Management
    In the contemporary world, managing logistics is an effective process to create and enforce consistency in the organization's profitability. Therefore, understanding the crucial components of logistics management is extremely important as it tends to ensure the smooth running of the overall supply chain operations.
  • 7 Principles of Logistic Management
    1. Right Materials
    2. Right Quantity
    3. Right Condition
    4. Right Time
    5. Right Place
    6. Right Cost
    7. Right Customer
  • (Goals of Logistics Management) Enhanced Customer Experience: In today's hyper-competitive market, focusing on fulfilling customer requirements has become a major aspect of logistics management. It allows businesses to optimus the transportation processes by managing inventory and eliminating disruptions in the supply chain, Therefore, this can speed up the delivery timelines which can build a positive brand reputation.
  • (Goals of Logistics Management) Quality Maintenance • Another goal of logistics management is to analyze, evaluate, and forecast the supply chain data.
    • The maintenance of optimal quality in logistics is of utmost importance as it is known to be an essential aspect of the business landscape the whole logistical performance will need to be repeated on reversed if the product is damaged or quality is not maintained
  • (Goals of Logistics Management) Reduced Operational Costs • Lowering the cost of transportation can be extremely beneficial for business growth logistics management can improve material handling, mitigate delivery disruptions, and mining muling costs.
    • It can also assist drivers in choosing the most efficient routes and enhance the delivery process.
    • Therefore the goal of the logistics management system is to reduce the overall operational costs by managing activities like freight consolidation and transportation mode selection
  • (Goals of logistics management)
    Quality Maintenance
    • The major goal of logistics management is to analyze, evaluate, and forecast the supply chain data.
    • The maintenance of optimal quality in logistics is of utmost importance as it is known to be an essential aspect of the business landscape.
    • The whole logistical performance will need to be repeated or reversed if the product is damaged or quality is not maintained.
  • (Goals of logistics management)
    Efficient Flow of Operations
    • The operations get planned strategically to bring agility and resilience to the supply chain process.
    • It allows the flow of information to be smooth with the internal business functions and external trading partners.
    • Therefore, the main goal of logistics management has the ability to streamline complex operations.
  • 7 Principles of Logistic Management
    1. Right Material

    The Right Materials required at the time must be made available.
  • 7 Principles of Logistic Management 2. Right Cost At the Right Cost ensuring the product/service is made available at the cost accepted by the client.
  • 7 Principles of Logistic Management 4. Right Quantity The correct amount is available, as smaller amounts result in the halting of production, while larger amounts result in building up stocks.
  • 7 Principles of Logistic Management 5. Right Place The product/service is made available at the place where the client needs it.
  • 7 principles of Logistic Management
    6. Right Condition

    The right quality of the product must be made available to requirements.
  • 7 Principles of Logistic Management 7. Right Customer
    Associates, Suppliers, and Stakeholders.
  • 2. Inventory Control
    • Calculating the required amount of stock controls
    • Tracking the goods and having enough stock on hand using data
    • Restocking and demand forecasting using 3PL software
    • Establishing the production process's speed to determine cost-effectiveness
    • Just-in-time inventory to best productivity by predicting demand
  • 7 Key Logistic Activities 3. Materials Handling • The management of the excess inventory in the warehouses. It is the responsibility of logistics businesses. Throughout the entire process, from manufacturing to distribution, it delivers on time. • Handling goods or materials might be difficult. As a result, businesses should automate, semi automate, and manual equipment.
    •That is necessary for the tasks at hand. Moving products or resources is a crucial logistical task-That-can-reduse production costs and improve customer satisfaction.
  • Inventory Control
    Calculating the required amount of stock controls. The essential information on the movement and storage of items. To track the goods and have enough stock on hand, it makes use of a variety of insightful data.
  • Inventory Control
    1. Restocking
    2. Demand forecasting
  • 3PL software in supply chain operations
    Enables restocking and demand forecasting
  • Inventory Control
    Establishes the production process's speed
  • Just-in-time inventory
    Gaining popularity as it boosts productivity by predicting demand
  • 7 Key Logistics Activities
    5. Labelling and Packaging

    It is a crucial component of the supply chain. Since the way, a product or set of items affects how they sell. To improve 3PL software processes. A product must be enclosed in proper packages. And containers that adhere to safety and customs standards.

    It also entails labeling, which discloses important details. About the items, like price ingredients, manufacture and end dates, and so forth. It is a crucial component that lessens damage and improves material bandling, being proactive in this area of your company
  • 7 Key Logistic Activities 6. Control and information The combination of information and control gives companies a clear view of supply chan activities. With the aid of cutting edge technologies Enterprises can get valuable data in real time. assess the efficacy of the service, data analyses is helpful. Thus, adopting the best logistics software Technology. Breakthroughs improve the business goals. By having a big-impact-on-the-choices and improving the efficiency of the operations
  • Types of Logistics/Category • Business Logistics • Military Logistics • Event Logistics • Service Logistics
  • Types of Logistics/Category 1. Business Logistics It is the part of supply chain process that implements, and controls the efficient flow and storage of goods and services from the point of origin to the point of use or consumption. This is designed to meet customer requirements.
  • Types of Logistics/Category 2. Service Logistics It encompasses the acquisition, scheduling and management of the facilities, assets, personnel, and materials to support and sustain a service business operations.
  • 7 Key Logistics Activities

    1. Processing of Orders

    • processing usually comes first in logistics operations. Since it oversees the complete workflow.

    • The firms can receive, document, assemble, and distribute customer orders. In the least amount of time by using efficient best logistics software. It defines how clients get their orders. It involves important tasks including selection, packaging, and delivery of the items. Since it needs to meet client demands.
  • Types of Logistics/Category

    4. Event Logistics

    This relates to the network of activities facilities, and personnel required to organize, schedule, and deploy the resources for any event to take place. Event logistics uses a network of activities, facilities, and personnel to organize, schedule, and plan for organizing an event including the necessary post-event steps such as clean-up, disposable of thrusts, and etc.
  • Types of Logistics/Category

    3. Military Logistics

    The design and integration of all support for the operational capability of the military forces and their equipment to ensure readiness, reliability, and efficiency. It involves the transfer of personnel and materials from one location to another, as well as the maintenance of the material essential for military to be able to support an ongoing deployment or respond effectively to emergent situations.
  • 7 Key Logistic Activities

    7. Managing the warehouse

    It plays a crucial role in maintaining the day to-day operations of the warehouse. Securing the commodities is the primary task in logistics management is advisable to track and optimize warehouse operations. With real-time data for the smooth operation of the workflow. Because warehousing is a crucial component of the supply chain.
  • 7 key Logistic Activities

    4. Transportation

    Running stations for Logistics Management. It's essential throughout a company's supply chain. And is also important for promoting high levels of operational excellence. By adopting sophisticated routing techniques. And adhering to compliance and laws. Businesses are concentrating on keeping transportation expenses under control. By adopting a transportation network that adapts to your organizational demands. You may improve last-mile-deliveries while also cutting costs on transportation
  • 7 Principles of Logistic Management
    3. Right Time
    ensuring the product is made available at the time required by the client.
  • 7 Key Logistic Activities

    1. Processing
    2. Inventory Control
    3. Materials Handling
    4. Transportation
    5. Labelling and Packaging
    6. Control and Information
    7. Managing the Warehouse
  • (Goals of logistics management)
    Reduced Operational Cost
    Lowering the cost of transportation can be extremely beneficial for business growth. Logistics management has the ability to improve material handling, mitigate delivery disruptions and minimize manufacturing costs. It can also assist drivers in choosing the most efficient routes and enhance the delivery process. Therefore, the goal of the logistics management system is to reduce the overall operational cost by managing the activities like freight consolidation, transport mode selection, etc.