2. WHAT IS LOGISTICS & LOGISTICS
MANAGEMENT?
Logistics.
The planning, execution, and control of the movement / placement of
goods and / or people, and the related supporting activities, all within a
system designed to achieve specific objectives.
Logistics Management
"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”
3. MAIN FIELDS WITH IN LOGISTICS
Procurement Logistics
Production Logistics
Distribution Logistics
Disposal Logistics
4. Inbound Logistics
Outbound Logistics
Third Party Logistics
Fourth Party Logistics
Reverse Logistics
TYPES OF LOGISTICS
10. OBJECTIVES OF LOGISTICS
OPERATING OBJECTIVE:
Rapid response
Rapid response is concerned with a firm’s ability to satisfy customer service
requirements in a timely manner
Minimum variance
Variance is any unexpected event that disrupts system performance
Quality
11. CHALLENGES FACED BY THE
LOGISTICS INDUSTRY
Mode of transportation
A knowledge of international currencies as well as border
treaties, terrorist/piracy hot spots, taxes, regulatory laws, and
government issues
Security
Driver Shortage/Retention
Environmental Issues
12. IMPORTANCE OF LOGISTIC
Maintaining competitive advantage
Good consumer relationship
Creating finished goods