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Summary of logistics management
Principles of logistics management assignment
Summary of logistics management
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Logistics is the system of people and things that are involved in getting a product from the place where it is made to the person who buys it. Information system is an interactive structure of people, equipment, methods, and control, designed to create information flow in the required format for the user to make the decision to reduce the risk element. This paper aim is to designing Logistics Information System in theoretical underpinning and also discussed characteristics of Logistics Information System. In review of 40 papers related to Logistics Information System also discussed.
Keywords:Information sources, logistics system, characteristics,theoretical
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Logistics is the process of planning, implementing and controlling the efficient, effective flow and storage of goods, services and related information from the point of origin to the point of consumption for the purpose of conforming the customer requirements(Amercian council of Logistics management, 2011).Logistics essentially a planning process and an information based activity.The science of planning, organizing and managing activities that provide goods or …show more content…
Lau, C.K.M. Lee and K.L. Choy, (2004)Proposed an infrastructure for design and support reverse logistics system. Information system should be important one for maintain reverse logistics activities in low cost and also connects technology and managerial activities.
David J. Closs, Thomas J. Goldsby and Steven R. Clinton, (1999) Identified a competence and logistics strategy then determines relationship between logistics information system capabilities, competence and strategy.
Kyungwoo Kang and Oh Kyoung Kwon, (1997) Discussed a physical infrastructure is not sufficient for improving Logistics system and the issues to be considered for implementing Integrated Logistics Information System.
Prabir K. Bagchi, (1992)analysed the needs of logistics in global market place and uncover the issues for implement International LIS and framework are discussed.
A. D. Shalini Prieya and S. Sankaranarayanan, (2015) Identified the factors underlying the advantages of LIS and software’s usage in logistics service companies.
Shivani Dubey and Dr.Sunayana Jain, (2014) Discussed the adoption of LIS into cloud and the benefits of integration of LIS in
Lowe’s is a home improvement warehouse that was founded in 1946 as a single store and since has grown to become the second largest in the world. As technology has evolved, Lowe’s has made many advances incorporating new systems and devices to stay competitive. The purpose of this paper is to evaluate the information technology management systems used at Lowe’s. It will look at Porter’s Five Force Model, supply chain management; data base management system, five agent-based technologies, e-commerce and system development lifecycle. Furthermore, it will look at business continuity planning, emerging trends and security vulnerabilities relates to the organization to remain competitive.
With different prices and services across the facilities, management is trying to identify opportunities to standardize costs and services across the business units. The goal of this case study is to update Deere and Company’s logistics by recommending solutions to cut logistics cost by 69 million over 3 years
Supply chain management is connected with the flow of products and information between supply chain members and organizations. New development in technologies enables organization to get correct information easily in their premises. Technologies used are helpful in coordinating the activities which manage the supply chain. By this the cost of information is decreased because now we have increasing rate of technologies. In an integrated supply chain where product or raw material and information flow in a bi-directional we as managers needs to understand that information technology is more than just computers.
Zanjirani F., Rezapour, S. & Kardar, L. (2011) Logistics operations and management concepts and models, 1st ed. London ; Elsevier.
In the competitive environment, it is necessary for moving products involves reception of products at an intermediate location, store, repackage, clear customs and transport to final destination. The other factor in the supply chain logistics is speed given information flows fast in the internet era. The customer expects everything quick accustomed to the instant status access to the information. With the real time inventory, customer expects the location of the product, it is next scheduled movement and the final delivery schedule.
Coyle, J., Langley, C., Gibson, B., Novack, R. and Bardi, E. (2008).Supply Chain Management: A Logistics Perspective. 8th ed. Cengage Learning, p.366.
Outbound logistics: They are made up of centralized logistic centers to promote efficiency, global network, reduced emission of CO2 by 22% to ensure ecological sustainability and lastly to improve customer service.
Most of us think of logistics as a one-way street. Products are manufactured, packaged, stored in a warehouse, sold, and then shipped off to the customer ... end of story. Yet for many logistics managers today, that's not the end of the story. In addition to managing outbound goods, they also are responsible for reverse logistics--the flow of returned goods and packaging, including customer service and final disposition of returned items.
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.
In logistic industry, they have been through lots of challenge in worldwide market. As the containerization of the global economy scopes, a phase of development and explanation, ports find themselves inserted in ever changing commercial environment where logistics is the forefront. Thus, this industry reaches a phase of maturity and rationalization due to the process of logistic on land.
Logistics exists to satisfy customer requirements by facilitating relevant manufacturing and marketing operation. The main responsibility of logistic is the geographical positioning of raw materials, work in process and finished inventories at the lowest possible cost.
Logistics Interfaces with Marketing. Logistics is often referred to as the other half of marketing and plays an important role through the physical movement and storage of goods in selling a product. Interfaces with marketing are discussed in terms of price, product, promotion, and place elements of the marketing mix. Logistics pricing decisions concern carrier pricing, matching discount schedules to transportation rates, and volume relationships affecting the ability to move and store products.
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.
The paper systematically introduces the concept of KPIs for logistics operations and provides 3 examples on performance measurements using specific KPIs in different environments. The purpose of the paper is to demonstrate how the use of KPIs can differ among individual cases and what lessons can be learned from them.