Logistic planning and management largely focus on lowering the cost associated with producing and distributing products under a variety of constraints. Logistics can be meant in different aspects of terms. In the perspective of Customer‚ the definition is getting the right product‚ to the right customer‚ in the right quantity‚ in the right condition‚ at the right place‚ at the right time and at the right cost. In the perspective of utility and value‚ the definition is providing the time and place
Premium Management Sales Logistics
How to create and develop a logistics plan Formulate a logistics plan (create for an existing Company or make your own Company) Five key steps to logistics planning process: 1) Business Goal and Strategies Business goals and strategy comes from overall corporate strategy and the detailed operational strategies. Logistics receives its direction from these sources‚ like all other operational functions of the organization. 2) Specific Customer Service Requirements Logistics planning needs
Premium Management Logistics Supply chain management
LOGISTICS CYCLE Therefore the emphasis is on designing the logistics management information system and inventory management activities‚ rather than central-level activities such as quantification and procurement. However‚ as the logistics cycle demonstrates‚ all these functions are interrelated and so when the logistics system is designed‚ these other activities must be considered‚ such as ensuring that the data required for quantification are collected and that quality monitoring is incorporated
Premium Supply chain management Logistics Inventory
pter Measuring logistics costs and performance Logistics and the bottom line 83 Logistics and shareholder value 88 Logistics cost analysis 95 The concept of total cost analysis 96 Principles of logistics costing 99 Customer profitability analysis 103 Direct product profitability 109 Cost drivers and activity-based costing 111 3 81 LSCH_C03.QXD 12/11/04 12:04 pm Page 82 LOGISTICS AND SUPPLY CHAIN MANAGEMENT This chapter: Outlines the many ways in which logistics management can impact
Premium Supply chain management Logistics Inventory
6 The 20th Century 6 History of the Road Transportation Network 1794. You may ask‚ what is the significance of this date? In 1974‚ the first modern road transportation network was established in Great Britain‚ allowing the first mail coach service between Bristol and London that ran on a timetable. However‚ roads have been around for centuries. So how is this relatively late date the “first” instance of a modern transportation system? Let us take a look at transport throughout the
Premium Ancient Rome Road Transport
Reverse logistics and the return portion of the supply chain is often an overlooked and mismanaged process. Companies tend to focus their efforts on the forward portion of supply chain management‚ while failing to take advantage of the many opportunities that reverse logistics presents (Benton‚ 2007). What these companies do not realize is that the effective management of reverse logistics has the potential to make them more profitable‚ and to add value to many other parts of their supply chain
Premium Supply chain management Recycling Supply chain
1. What is reverse logistics (RL)? How does it differ from forward logistics Reverse logistics is the process of planning‚ implementing‚ and controlling the efficient‚ cost effective flow of raw materials‚ in-process inventory‚ finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal. More precisely‚ reverse logistics is the process of moving goods from their typical final destination for the purpose of
Premium Retailing The Return Logistics
SCMA306 Logistics and Physical Distribution – Mrs. JR. Gurayah July to October 2013 UNIVERSITY OF KWA-ZULU NATAL FACULTY OF MANAGEMENT STUDIES SCHOOL OF MANAGEMENT‚ IT & GOVERNANCE (MIG) LOGISTICS AND PHYSICAL DISTRIBUTION SCMA306 COURSE OUTLINE 2013 This document contains important information. Please read it carefully and retain it throughout the semester. 1. Introduction Welcome to the field of Logistics and Physical Distribution - it includes the functions of planning‚ organising‚ motivating
Premium Logistics Supply chain management Africa
DHL Logbook - in cooperation with Technical University Darmstadt Historical development of logistics The great logistics success story Logistics has been playing a fundamental role in global development for almost 5‚000 years now. Since the construction of the pyramids in ancient Egypt‚ logistics has made remarkable strides. Time and again‚ brilliant logistics solutions have formed the basis for the transition to a new historical and economic era. Examples of this fundamental progress include
Premium Logistics Supply chain management Management
Inbound Logistics is the flow of product into a production unit or warehouse and has not traditionally been the responsibility of a single individual. Production‚ procurement and supply chain have all played a part but the end result can be unsatisfactory. The start of the supply chain is all-important. Quality of service provision inbound can be the difference between a successful sales promotions or a repackaged product being delivered late and left on the shelf. It can make or break the sales
Premium Management Supply chain management Inventory