Logistics Management
In the Second World War logistics also played an integral role. The allied forces’ invasion of Europe was a highly skilled exercise in logistics, However while the Generals and Field Marshals from the earliest times have understood the critical of logistics, strangely it is only in the recent history that business organizations have come to recognize the vital impact that logistics management can play in gaining a competitive advantage (Christopher 1992).
However, we must ask ourselves what is logistics management in the sense that is understood today? There are multiple ways of defining logistics however, the underlying concept might be defined as follows:
Logistics is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related information flows) within the organization through the cost effective fulfillment of orders.
Furthermore, the mission of logistics is to get the appropriate goods or services to the right place, at the right time, and in the desired condition, while making the greatest contribution to the firm.
2.2.1 Definition of Logistics
According to the Council of Logistics Management, a professional organization of logistics managers, educators, and practitioners, formed in 1962 for the purposes of continuing education and development the interchange of ideas. Its definition is the process of planning, implementing, and controlling the efficient, cost-effective flow and storage of raw material, in process inventory, finished goods and related information from point of origin to point of consumption for the purpose of conforming to customer requirements.
The logistician is concerned with the flow of goods to and from the...
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...y would feel that there is no extra work for them reporting the KPI at a frequent basis. Parmenter especially points out that the reporting should be time sensitive, efficient and focused on improving decision-making. (Parmenter, 2007) Both Parmenter (2007) and Neely et al (1997) emphasizes that the KPI should follow the overall business strategy.
2.5 Previous Research
No
Author
Title
Findings – Key Factors
1 Rensfelt,A; Winblad, C; Lindmann, L .(2008) KPI’s – Measuring and evaluating in order to increase logistic efficiency • KPI
2 Johnson & Mattson (2005) The efficiency variables of the logistics system • Flexibility
• Time
• Customer service
3 Leach, P. (2013) Peak Season Delay • Intermodal transport
• Regulatory issues
4 Botchway (2000) Critical factors of logistics and distribution • Delivery lead times
Source: Compiled by Author (2013)
...tbound Logistics: The outbound logistics include the movement of the finished goods from the manufacture to the retail stores or a warehousing facility for later use.
Can Anticipatory Logistics Work In The Corporate World? I do not see any reason, based on the article provided, as to why anticipatory logistics cannot work in the corporate world. In my opinion both are significantly similar in function and operation. The basic aim of both the supply chain management that is frequently used in the corporate world and the anticipatory logistics used by the armed forces are same, and that Is to satisfy the customer better than the competitor. It is true that in each industry the requirements, needs and demands of customers are different, specifically in the corporate world where one company sells pharmaceutical products while other sells ready made clothes. However, in the industry, all the companies compete for a greater market share and that share is contributed by earning customers, loyal or not. When there is a question of winning customers, then there is a concern about the cost, the pricing of the product or service, the speed and ease of delivery, the psychological acceptance, and many other such elements that make the organization ponder on efforts that would let them survive not just in the corporate world, but also in the war or preparations for war. Anticipatory logistics work in the similar fashion as the supply chain management works. Defining the supply chain management, Li et al (1999) writes that the supply chain management is the “management of materials and information flow both in and between facilities across SC”, where the SC or the supply chain is a “network of facilities and distribution options that performs the function of procurement of materials, transformation of these materials into intermediate and finished products, and distribution of these finished products to custo...
. Matthew D. Cox, “Virtual Library Logistics: Logistics Quotations,” “Logistics World,” September 4, 1999. Accessed February 21, 2014), http://www.logisticsworld.com/logistics/ quotations.htm.
...dustrial Distribution allows me to pursue my interests in both Business and Engineering, and therefore I chose that major. Also, it will help me to build my personal characteristics that will make me successful in this major. As my education continues, I look forward to learning how manufacturers and distributors maintain good communication and relations, so that the products can be distributed efficiently and avoid problems. If there are problems, I would also like to comprehend ways to solve those problems. In the future, I hope to work for a company such as Amazon, Dell, or Boeing in the field of logistics. These companies depend on logistics in planning and conducting their operations. Since logistics and relations between manufacturer and distributor are critical to the everyday operations of businesses, understanding this will help me in my future endeavors.
This report has clearly in detail described the meaning, benefits as well as the need and challenges of the RFID in the supply chain system. While RFID comes with a larger magnitude of benefits than the bar code, it’s an expensive medium and comes at a price that may be prohibitive to many businesses. On the one hand, RFID is advantageous in different areas of the supply chain and does not require line-of-sight scanning; it helps in labor reduction, enhances visibility of products and processes , and helps in inventory management. On the other hand, RFID is an expensive solution, lacking benchmarks or standards, suffers from some adverse deployment issues, and suffers from major privacy concerns. However with the ultimate aim to see the establishment of item-level tracking which should act to revolutionize SCM practices, RFID is here to stay.
Hum,Sin Hoon (2000), “A Hayes-Wheelwright framework approach for strategic management of thrid party logistics services”,Integrated Manufacturing Systems,Vol .11/2,pp 132-137
“Logistic is the process of planning, implementing and controlling the efficient, effective flow of goods storage of goods, services and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements”
Zanjirani F., Rezapour, S. & Kardar, L. (2011) Logistics operations and management concepts and models, 1st ed. London ; Elsevier.
As an Industrial Engineer with more than 15 years of work experience, I choose Supply Chain Management (SCM) because I believe that logistics is the most dynamic, vibrant, challenging, technology driven area, and the future of any big national and international companies. It will give me the opportunity to know behind the scene of improving the companies’ performance by using SCM tools. If I work in this field, I can get my answers and a chance to work in the market of raw material, purchasing, production, distribution, logistics, and final goods. After finishing two semesters in the College of Business at University of Houston Downtown (UHD), I am really passionate about it and want to gain my knowledge in the logistics sector, learn new techniques and skills, and seek new opportunities.
Voortman came up with six objectives logistics should fulfill to be considered successful and named them the six ‘’rights’’ of logistics saying that logistics involves getting the right products or services to the right customer at the right time in the right condition at the right place at the right price.
Preceding from this understanding and being a logistics staff officer, my carrier is full of logistics proble...
Coyle, J., Langley, C., Gibson, B., Novack, R. and Bardi, E. (2008).Supply Chain Management: A Logistics Perspective. 8th ed. Cengage Learning, p.366.
Logistics is the designing and managing of a system in order to control the flow of material throughout a corporation. This is a very important part of an international company because of geographical barriers. Logistics of an international company includes movement of raw materials, coordinating flows into and out of different countries, choices of transportation, cost of the transportation, packaging the product for shipment, storing the product, and managing the entire process. The concept of logistics is fairly new in the business world. The theoretical development was not used until 1966. Since then, many business practices have evolved and logistics currently costs between 10 and 25 percent of the total cost of an international purchase.
As an outcome of the thesis, my professional interest on the issue associated with the development of logistics sector has been enhanced. Furthermore, I am planning to keep an eye on the sector to enhance my knowledge which will benefit me and the organization I work for.
My experience and erudition is my strength which I wish to embolden and use to my advantage. in the concentartions “Transportation and Logistics” and “Inventory Management”, are a combination of inventory ,logistics and management concepts, wherein I seek expertise. For that, I look forward to learning from the acclaimed faculty at your university, prof ______________ and _______. I am excited that their research interests perfectly match my own.