WHAT IS LOGISTICS According to Paul R. Murphy ‚ Jr. and Donald F. Wood‚ who shared the definition as promulgated by the Council of Supply Chain Management Professionals‚ one of the world’s most prominent organizations for logistics professionals‚ defined it as “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
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1. What is Logistic Management and its Objectives? Logistics means having the right thing‚ at the right place‚ at the right time. In business‚ logistics is defined as a business planning framework for the management of material‚ service‚ information and capital flows. It includes the increasingly complex information‚ communication and control system required in today’s business environment. (Logistix Partners Oy‚ Helsinki‚ FI‚ 1996). Objectives of Logistics Management is to make available
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1. How do the retailing strategies of Sears and Walmart differ? Company Background-Sears • Founded in 1891‚ operated solely as a catalog business • In 1924‚ expanded into retail stores in shopping mall ▫ Sold a variety of merchandise including apparel‚ cosmetics‚ jewelry‚ electronic‚ household appliances…. • Early 1980s‚ faced with declining market share ▫ Target audience of middle class female shoppers ▫ Slogan ”Come see the softer side of Sears” Company Background-Walmart • Founded in 1962‚ opened
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ELEMENTS OF LOGISTICS MANAGEMENT INTRODUCTION TO LOGISTICS. Chapter 1. Definition: “Logistics is the applied science of defining supporting systems and of planning and implementing the acquisition and use of resources.” Categories of Logistics : 1. Subsistence logistics :- basic necessities of life. it is relatively stable and predictable. 2. operations logistics :- relatively constant and predictable. It starts from raw material utilization
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What is Logistics? Overshadowed behind all the excitement given to supply chain management and the technology developed to support it is a lesser known part of the business operations known as logistics. Some might regard logistics as mundane and staid compared to other supply chain initiatives but they don’t get the whole picture. However‚ logistics professionals and knowledgeable managers know that to fulfill customer orders effectively and efficiently‚ a business should employ a good logistics
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Companies Have Built a Reputation Around Their Corporate Cultures? In this text we have already mentioned several companies that have famous organizational cultures‚ including Lincoln Electric and Southwest Airlines. Other companies with famous cultures are IBM‚ Hewlett-Packard‚ Goldman Sachs‚ and Starbucks. Companies with infamous cultures that are now out of business were Enron and Arthur Anderson. Consider the case of Wal-Mart‚ one of the most famous organizational cultures of all time.
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References: Reading Lists Fuller‚ J. B.‚ O’Conor‚ J.‚ and Rawlinson‚ R.‚ May-June 1993‚ “Tailored Logistics: The Next Advantage”‚ Harvard Business Review. Hutt‚ M. D.‚ and Speh‚ T. W.‚ 1998‚ “Business Marketing Management – A Strategic View of Industrial and organisational Markets”‚ Dryden Press. Walters‚ D.‚ 2002‚ “Operations Strategy”‚ Palgrave Macmillan Pohlman‚ R. A.‚ and Gardiner‚ G. S.‚ 2000‚ “Value Driven Management – How to Create and Maximise Value Over Time
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LOGISTIC SECTOR 1 CONTENT SERIAL NO. 1. 2. INTRODUCTION INDUSTRY COMPOSITION 2.1 ROAD TRANSPORT 2.1.1 LOGISTIC COMPANIES ENGAGED IN ROAD TRANSPORT 2.2 RAIL TRANSPORT 2.2.1 LOGISTIC COMPANIES ENGAGED IN RAIL TRANSPORT 2.3 SHIPPING 2.3.1 LOGISTIC COMPANIES ENGAGED IN SHIPPING 2.4 AIR CARGO 2.5 WAREHOUSING 2.5.1 LOGISTIC COMPANIES ENGAGED IN WAREHOUSING 2.6 CONTAINER FREIGHT STATIONS/ INLAND CONTAIN DEPOTS(CFS/ICD) 2.6.1 LOGISTIC COMPANIES ENGAGED IN CFS/ICD 2.7 PORTS 2.8 COLD CHAINS 2.8.1 LOGISTIC
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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
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Unit Code & Unit Title: DL101 Introduction to logistics management 2. Course of Study: Diploma in Logistics Management 3. Year of Study: Year One 4. Year and Semester: Semester 2‚ 2014 5. Reading List: Main Text: 1. Paul R. Murphy‚ Jr‚ Donald F. Wood‚ Contemporary Logistics‚ Pearson education 2. John J. Coyle‚ C. John Langley‚ Jr.‚ Brian J. Gibson‚ Robert A. Novack‚ Edward J. Bardi (2011)‚ Supply Chain Management: A Logistics Perspective‚ 8th Edition‚ Cengage Learning
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