logistics management synopsis

7/30/2019 Logistics Management Synopsis

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A Synopsis

On

LOGISTIC MANAGEMENT

By

SHAGUN VASISHAT

(Registration No. 511135039)

A synopsis report submitted in partial fulfillment of the requirements

for the degree of Master of Business Administration of

Sikkim Manipal University, INDIA

Sikkim Manipal University of health, Medical and technological science

Distance Education wing

Syndicate House, Manipal 576104


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DECLARATION

I hereby declare that the Synopsis Report entitled:

A Synopsis Report on LOGISTIC MANAGMENT submitted in partial

fulfillment of the requirement for the degree of Masters of Business

Administration to Sikkim Manipal University, India, is my original work and

not submitted for the award of any other degree, diploma, fellowship, or any

other similar title or prizes.

Place: DELHI

Date: .

SHAGUN VASISHAT

(Registration No. 511135039)


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CERTIFICATE

The Synopsis Report ofSHAGUN VASISHAT (Registration No. 511135039)

on Logistic Management is approved and is acceptable in quality and form.

Internal Examiner External Examiner

(_______________) (_______________)


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TABLE OF CONTENTS

Page No

Executive Summary

Introduction

Objective

Research Methodology

Analysis

Conclusions

Bibliography


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TITLE OF THE PROJECT

LOGISTIC MANAGEMENT


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INTRODUCTION TO THE TOPIC

This is a Project work undertaken in context of partial fulfillment of the MBA.

Logistics is the art and science of managing and controlling the flow of goods,

energy, information and other resources like products, services, and people,

from the source of production to the marketplace. It is difficult to accomplish

any marketing or manufacturing without logistical support. It involves the

integration of information, transportation, inventory, warehousing, material

handling, and packaging. The operating responsibility of logistics is the

geographical repositioning of raw materials, work in process, and finished

inventories where required at the lowest cost possible.

Logistics management is that part of the supply chain which plans, implements

and controls the efficient, effective forward and reverse flow and storage of

goods, services and information between the point of origin and the point of

consumption in order to meet customers' requirements. A professional workingin the field of logistics management is called a logistician.

Logistics as a business concept evolved only in the 1950s. This was mainly due

to the increasing complexity of supplying one's business with materials and

shipping out products in an increasingly globalized supply chain, calling for

experts in the field who are called Supply Chain Logisticians. This can be

defined as having the right item in the right quantity at the right time at the right

place for the right price and it is the science of process having its presence in all

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

project life cycles, supply chains and resultant efficiencies.


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OBJECTIVE OF THE STUDY

The main objective of this research is to investigate the Logistic Management

System in India by the various Industries.

1. The Objective of the study of Logistic Management used by various

Industries in India.

2. To know the role of Logistic Management in the Industries.

3. To know the importance of Logistic Management.

4. To know the types of Logistic Management System.

5. To know the Development of Logistic Management.

6. To gain knowledge of the various tools and their features through

observation method and through secondary data

7. To make available the right quantity of right quality products at the right

place and time in right condition.

8. To offer best service to consumers.

9. To reduce the cost of operations.

10.To maintain transparency in operations.


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RESEARCH METHODOLOGY

To achieve the objective of studying the Logistic Management data has been

collected.

Research methodology carried for this study can be two types

1. Primary

2. Secondary

PRIMARY:

The data, which has being collected for the first time and, it is the original data.

In this project the primary data has been taken from Logistic Management

Department staff and guide of the project.

Information collected with the help of Questionnaire for analyzing Logistic

Management service.

Observation method was used for understanding various tools used in Logistic

Management and their features.

SECONDARY:

The secondary information is mostly taken from websites, books, journals, etc.


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Limitations

The time constraint was one of the major problems.

The study is limited to the different Logistic Management service used by the

various Industries.

The study is limited in selected Industries only.

The lack of information sources for the analysis part.


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Conclusion

The universe everyday is witnessing unimaginable growth in majority of the

industries. The logistics and freight industry is one such industry that is rapidly

growing. Worldwide logistics industry is distinguished by fast technological

advances and is growing rapidly than most other industries over the past years.

With stiff competition around, the company is likely to reduce the profitability

But with proper management of operations and by proper customer desired

services, and also effectively utilizing its alliances it can maintain and improve

the performance. Joint operational ventures for developing the customized

services for its steady growth. The organization has enormous opportunities to

grow beyond the expectations.

Lintas Freight& Logistics LLC has come a long way from being just a service

provider. The organization now has the value of being an ultimate service

provider for Freight, Transportation, Cross-docking and Value Adding as per

customer needs. The present scenario and the future of the organization with

regard to the management are satisfactory. The organization can increase the

market share by improving with more state of art technology. The organization

can diversify into related other business areas like Warehouses for lease to other

organizations, state of art technology providers for other organizations. More

importance is to be given for HR development by having a separate departmentfor it. With the development of such a department, several favourable impacts

such as increase in out put per employee, increased loyalty, team spirit etc can

be generated.


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As far as Lintas Freight & Logistics LLC is concerned it can be

stated that through its excellent service and aggressive logistics service,

organization has shown a noticeable increase in the market share. However,

there are some areas where the company is not at the top-most position but it

can certainly gear up in the near future and is committed to acquire that spot.

On implementation of the above recommendations, the management can lead

Lintas to the top most position when bench marked in the coming years.


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Bibliography

Reference:

a) Logistical Management Tata McGraw 2000 Edition.

Written by Donald. Bowersox, and David. Closs.

b) The Management of Business Logistics 7th

Edition:

Written by Edward J. Bardi, C.John Langley, and John Joseph Coyle

c) Logistics and Supply Chain Management: Creating Value - Adding

Networks

Written by Martin Christopher.

d) Council of Logistics Management, www.clm1.org

e) Integrated Business Communications Alliance, www.ibcaweb.org

f) Amrit Tiwana, The Knowledge Management Tool kit, First Indian reprint

2000, Prentice Hall of India.

g) Performance measures and metrics in a supply chain environment

h) A Gunasekaran, C Patel, E Tirtiroglu - International Journal of

Operations & Production Management

i) Hugos, Michael, 2003, Essentials of Supply Chain Management, John

Wiley & Sons.

j) Supply Chain Management Research Center, www.cio.com/research/scm


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Websites:

i) Source: http://www.idsc.com.sg/images/service_logistics_img1.jpg

ii) http://www.indexuae.com/Top/Business_and_Economy/Services/Logisti

cs

iii)http://www.lintasfreight.com/

iv) http://www.uae-shipping.net/Lintas-Freight-Logistics-L.L.C..html

v) www.ittoolbox.com

vi) www.techrepublic.com

vii) www.allboutscm.com

viii) http://en.wikipedia.org/

ix) http://google.co.in

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