Logistics Management

WHAT IS LOGISTICS & LOGISTICS MANAGEMENT?

The planning, execution, and control of the movement / placement of goods and / or people, and the related supporting activities, all within a system designed to achieve specific objectives.

Inbound Logistics/ Outbound Logistics

Outsourcing

Reverse Logistics

TYPES OF LOGISTICS

ACTIVITIES IN LOGISTICS MANAGEMENT

Order processing

Inventory management

Material planning

Warehousing

Transportation.

OBJECTIVES IN LOGISTICS

Rapid response

Time management

Quality

Pricing strategies

LOGISTICS’ IMPORTANCE

Transportation costs.

Production efficiency

Computer technology

LOGISTICS’ IMPORTANCE

Maintaining competitive advantage

Good consumer relationship

Creating finished goods

Providing organization