Importance of Logistics and Supply Chain
Q: explain the importance of logistics / Supply Chain Management & What Strategies and planning Use with it. Discuss
ANS :
Before the explain the importance of Logistics I want to introduce the logistic history . Early people had the choice of Consume the goods at their immediate location or moving the good to a preferred site and storing them for a letter use .However because no well Developed transportation And Storage system yet existed .the movement of goods was limited to want and individual could personally move .a storage of commodity was possible for only short time. This limited movement –storage system generally constrained to people live close to the sources of production Even today in some Areas of world Consumption and production take Places only within a very limited geographic region some population live in Small Self Sufficient Villages and most of goods needed by the resident are produced in the immediate Vicinity .few goods are import ted from other areas .therefore production Efficiency and Economics Standard of living is low .in this type of economy a well Developed and inexpensive logistics system would encourage an exchange of goods with other production areas of the country or even in the world
In start I want to put some Definition of supply chain management
Monczka, Trent, and Handfield (1998) Supply Chain Management requires traditionally separate materials functions to report to an executive responsible for coordinating the entire materials Process, and also requires joint relationships with suppliers across multiple tiers. SCM is a concept, “whose primary objective is to integrate and manage the sourcing, flow, and control of materials using a total systems perspective across multiple functions and multiple tiers of suppliers.”
La Londe and Masters (1994)
Supply chain strategy includes: “... two or more firms in a supply chain entering into a long-term agreement; ... the development of trust and commitment to the
ANS :
Before the explain the importance of Logistics I want to introduce the logistic history . Early people had the choice of Consume the goods at their immediate location or moving the good to a preferred site and storing them for a letter use .However because no well Developed transportation And Storage system yet existed .the movement of goods was limited to want and individual could personally move .a storage of commodity was possible for only short time. This limited movement –storage system generally constrained to people live close to the sources of production Even today in some Areas of world Consumption and production take Places only within a very limited geographic region some population live in Small Self Sufficient Villages and most of goods needed by the resident are produced in the immediate Vicinity .few goods are import ted from other areas .therefore production Efficiency and Economics Standard of living is low .in this type of economy a well Developed and inexpensive logistics system would encourage an exchange of goods with other production areas of the country or even in the world
In start I want to put some Definition of supply chain management
Monczka, Trent, and Handfield (1998) Supply Chain Management requires traditionally separate materials functions to report to an executive responsible for coordinating the entire materials Process, and also requires joint relationships with suppliers across multiple tiers. SCM is a concept, “whose primary objective is to integrate and manage the sourcing, flow, and control of materials using a total systems perspective across multiple functions and multiple tiers of suppliers.”
La Londe and Masters (1994)
Supply chain strategy includes: “... two or more firms in a supply chain entering into a long-term agreement; ... the development of trust and commitment to the