CREATED BY: PRADEEP YADAV (02) MIHIR AMBARDEKAR (11) MITHUN SAGAR (20) SAMEER AYIR (22) DHARIT PARIKH (24) E.VINOD KUMAR (28)
INTRODUCTION
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, material handling, production, packaging, inventory, transportation, warehousing, and often security. The complexity of logistics can be modelled, analyzed, visualized, and optimized by dedicated simulation software. Minimizing use of resources and time are common motives.
Main logistics targets
Logistics is one of the main functions within a company. The main targets of logistics can be divided into performance related and cost related. A few examples are high due date reliability, short delivery times, low inventory level and high capacity utilization. When decisions are made, there is a trade off between targets.
Inbound logistics is one of the primary processes and it concentrates on purchasing and arranging inbound movement of materials, parts and/or finished inventory from suppliers to manufacturing or assembly plants, warehouses or retail stores.
Outbound logistics is the process related to the storage and movement of the final product and the related information flows from the end of the production line to the end user.
Logistics fields
Given the services performed by logisticians, the main