GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdf
Assignment of sd
1. SALES & DISTRIBUTION
Assignment
On
Technology in Logistics Management
Rizwan Kazi
Roll No. 10AM63803
2. What is Logistics?
Logistics is the . . . “process of planning, implementing, and controlling the
efficient, effective flow and storage of goods, services, and related
information from point of origin to point of consumption for the purpose of
conforming to customer requirements.“
Logistics management activities typically include inbound and
outbound transportation management, fleet management, warehousing,
materials handling, order fulfillment, logistics network design, inventory
management, supply/demand planning, and management of third party
logistics services providers.
To varying degrees, the logistics function also includes customer
service, sourcing and procurement, production planning and scheduling,
packaging and assembly.
Logistics management is part of all levels of planning and execution --
strategic, operational and tactical. It is an integrating function, which
coordinates all logistics activities, as well as integrates logistics activities
with other functions including marketing, sales manufacturing, finance, and
information technology.
TYPES OF LOGISTICS
1. Business Logistics- It is the part of the supply chain process that plans,
implements and controls the efficient flow and storage of goods and
services from point of origin to point of use or consumption.
Military Logistics- The design and integration of all aspects of support for
3. the operational capability of the military forces and their equipments to
ensure readiness, reliability, and efficiency
2. Event Logistics- The network of activities, facilities and personnel
required to organize, schedule and deploy the resources for an event to
take place.
3. Service Logistics-The acquisition, Scheduling, and management of the
facilities personnel and material to support and sustain a service operation
or business.
4. Logistics Management
Logistics management is a process of planning, executing, and controlling
the efficient, effective, flow and storage of goods and services, and related
information from point of origin to point of consumption for the purpose of
conforming to customer requirement.
Objectives of Logistics Management
1. To make available the right quantity of right quality products at the right
place and time in right condition
2. To offer best service to consumers.
3. To reduce the cost of operations.
4. To maintain transparency in operations.
Logistics Functions
1. Purchasing / Procurement
2. Inventory Control
3. Warehousing
4. Materials Handling
5. Facility Location / Network Design
6. Transportation
7. Customer Service
8. Order Processing /Products are ordered
9. packaged
4. 10. Other Functions
- Breaking Bulks
- Accumulating Bulk
- Creating Assortments
- Transaction Efficiency
- Credit Facilities
- Risk Taking
A List of Approaches in Logistics Management
1. Just in Time Inventory
2. Vendor Managed Inventory
3. Quick Response
4. Collaborative Planning,
5. Forecasting
6. Replenishment
7. Outsourcing / 3PLs
8. Cross-docking / Flow
9. Through Centers
Challenges for Indian Logistics Companies
1. Competition from Indian and Foreign logistics companies.
2. Technology to keep pace with demand for real time information
3. Corporatization and lack of skill sets.
4. Shedding local mindset and move to a global mindset.
5. Integration of services and value added services
6. Funds to fuel expansion & growth.
5. 7. Inadequate infrastructure and complex tax laws.
Technology in Logistics Management
"The real thing is the tracking of products and visibility," Where the
technology comes in today is in tracking the product from shipment from
the factory to which truck it's on and where that truck is.
Companies are starting to value anything that gives you better visibility to
get better data to manage the business, "The trend is moving more toward
insight and fact-based visibility" in distribution management technology,
which gives manufacturers control over as much of the supply chain as
possible.
This includes satellite tracking, which now plays a large part in distribution
logistics, supplanting old methods that estimated when trucks would leave
and arrive., Trucks can now be equipped with a satellite-connected
transporter with precise tracking capabilities that enables a truck to drop its
cargo at a store within a 30-minute (or even smaller) window.