7/31/2019 Introduction to Logistics and Supplychain Management - Copy

1/1

INTRODUCTION TO LOGISTICS AND SUPPLYCHAIN MANAGEMENT

1.What is logistics?

I. Logistics is the management of the flow of resources, not only goods, between the point of origin andthe point of destination in order to meet the requirements of customers or corporations. Logistics involves the

integration of information, transportation, inventory, warehousing, material handling, and packaging, and

often security. Today the complexity of production logistics can be modelled, analyzed, visualized and

optimized by plant simulation software, but is constantly changing. This can involve anything from consumer

goods such as food, to IT materials, to aerospace and defence equipment.

II. According to the Council of Logistics Management, logistics contains the integrated planning, control,realization and monitoring of all internal and network-wide material-, part- and product flow including the

necessary information flow in industrial and trading companies along the complete value-added chain (and

product life cycle) for the purpose of conforming to customer requirements

2. Types of Logistics?

I. Business logisticsLogistics as a business concept evolved in the 1950s due to the increasing complexity of

supplying businesses with materials and shipping out products in an increasingly globalized

supply chain, leading to a call for experts called supply chain logisticians. Business logistics can

be defined as "having the right item in the right quantity at the right time at the right place for

the right price in the right condition to the right customer", and is the science of process and

incorporates all industry sectors. The goal of logistics work is to manage the fruition ofproject

life cycles,supply chainsand resultant efficiencies.

In business, logistics may have either internal focus (inbound logistics), or external focus

(outbound logistics) covering the flow and storage of materials from point of origin to point of

consumption (see supply chain management). The main functions of a qualified logistician

include inventory management, purchasing, transportation, warehousing, consultation and

the organizing andplanningof these activities. Logisticians combine a professional knowledge

of each of these functions to coordinate resources in an organization. There are two

fundamentally different forms of logistics: one optimizes a steady flow of material through a

network oftransportlinks and storage nodes; the other coordinates asequenceof resources

to carry out some project.

II. Healthcare logistics

http://en.wikipedia.org/wiki/Transportationhttp://en.wikipedia.org/wiki/Transportationhttp://en.wikipedia.org/wiki/Inventoryhttp://en.wikipedia.org/wiki/Inventoryhttp://en.wikipedia.org/wiki/Warehousinghttp://en.wikipedia.org/wiki/Warehousinghttp://en.wikipedia.org/wiki/Materials_managementhttp://en.wikipedia.org/wiki/Materials_managementhttp://en.wikipedia.org/wiki/Packaginghttp://en.wikipedia.org/wiki/Packaginghttp://en.wikipedia.org/wiki/Securityhttp://en.wikipedia.org/wiki/Securityhttp://en.wikipedia.org/wiki/Project_life_cyclehttp://en.wikipedia.org/wiki/Project_life_cyclehttp://en.wikipedia.org/wiki/Project_life_cyclehttp://en.wikipedia.org/wiki/Project_life_cyclehttp://en.wikipedia.org/wiki/Supply_chainhttp://en.wikipedia.org/wiki/Supply_chainhttp://en.wikipedia.org/wiki/Supply_chainhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Inventory_managementhttp://en.wikipedia.org/wiki/Inventory_managementhttp://en.wikipedia.org/wiki/Purchasinghttp://en.wikipedia.org/wiki/Purchasinghttp://en.wikipedia.org/wiki/Transportationhttp://en.wikipedia.org/wiki/Transportationhttp://en.wikipedia.org/wiki/Warehousinghttp://en.wikipedia.org/wiki/Warehousinghttp://en.wikipedia.org/wiki/Planninghttp://en.wikipedia.org/wiki/Planninghttp://en.wikipedia.org/wiki/Planninghttp://en.wikipedia.org/wiki/Transporthttp://en.wikipedia.org/wiki/Transporthttp://en.wikipedia.org/wiki/Transporthttp://en.wikipedia.org/wiki/Sequencehttp://en.wikipedia.org/wiki/Sequencehttp://en.wikipedia.org/wiki/Sequencehttp://en.wikipedia.org/wiki/Sequencehttp://en.wikipedia.org/wiki/Transporthttp://en.wikipedia.org/wiki/Planninghttp://en.wikipedia.org/wiki/Warehousinghttp://en.wikipedia.org/wiki/Transportationhttp://en.wikipedia.org/wiki/Purchasinghttp://en.wikipedia.org/wiki/Inventory_managementhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Supply_chainhttp://en.wikipedia.org/wiki/Project_life_cyclehttp://en.wikipedia.org/wiki/Project_life_cyclehttp://en.wikipedia.org/wiki/Securityhttp://en.wikipedia.org/wiki/Packaginghttp://en.wikipedia.org/wiki/Materials_managementhttp://en.wikipedia.org/wiki/Warehousinghttp://en.wikipedia.org/wiki/Inventoryhttp://en.wikipedia.org/wiki/Transportation