The word logistic has originated from Greek word ‘Logistikos’ and the Latin word ‘Logisticus’ which means science of computing & calculating In ancient times it was used more in connection with moving armies, the supplies of food & armaments to the war front. During World War II logistics gained importance in army operations covering the movement of supplies, men & equipment across the border Today It has acquired the wider meaning and is used in the business for the movement of material from suppliers to the manufacturer and finally the finished goods to the consumers.
Logistics involves the integration of the production and delivery of a product or service in order to ensure efficient and effective management. Originally, logistics was…show more content…
• Consolidate product movement by grouping shipments.
• Maintain high quality and engage in continuous improvement.
• Support the entire product life cycle and the reverse logistics supply chain.
An effective logistics management strategy depends upon the following tactics:
• Coordinating functions (transportation management, warehousing, packaging, etc.) to create maximum value for the customer.
• Integrating the supply chain.
• Substituting information for inventory.
• Reducing supply chain partners to an effective minimum number.
• Pooling
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Introduction Supply chain management (SCM) is the positive streamlining of a business' supply-side activities to maximize consumer value and earn competitive advantage in the marketplace. Supply Chain Management act an effort by suppliers to grow and apply supply chains that are as effective and economical as acceptable. Supply chains cover everything from production, to product development, to the information systems needed to direct these undertakings. Supply Chain Management try to control or link the production, shipment and distribution of a product. By managing the supply chain, companies are able to cut surplus costs and sent products to the consumer faster.
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In that way, Refresco Purchasing Buyers of the raw materials will have an overall picture of the entire inbound transportation and warehousing activity, which among others enables finding possibilities in coordination, as well as the use of knowledge and expertise about both the transportation and warehousing market and buying power that the purchasing department of Refresco has. By doing so, the department of purchasing will be able to concentrate on their core business, at the same time as the transportation cost and the total logistic cost of the inbound flows could be minimized. In order for this solution to work, Refresco Purchasing department need to work more
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As we are very familiar with the concept of supply chain management concept which shows that SCM is the management of the flow of goods. It contains the movement and storage of raw materials, work-in-process inventory, and finished goods from point of source to point of consumption. Supply chain management has been defined as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a good setup. Supply and demand model says about the supply of the product as well as demand of the product or raw material. In this model we can see the current price of the product will vary according to the demand of the product in the market.
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Furthermo... ... middle of paper ... ... want to be connected to assembly lines and conscious of demand throughout the supply chain. Purchasing and supply management occur at all stages of the supply chain. At each level, logisticians exercise their responsibilities to demand and replace products for their businesses from select suppliers to meet demand. Disorganized supply functions can occur anywhere in the supply chain when there is a fracture in communication. In the article, “Supply Chain Management: More Than Integrated Logistics”
The word logistic has originated from Greek word ‘Logistikos’ and the Latin word ‘Logisticus’ which means science of computing & calculating In ancient times it was used more in connection with moving armies, the supplies of food & armaments to the war front. During World War II logistics gained importance in army operations covering the movement of supplies, men & equipment across the border Today It has acquired the wider meaning and is used in the business for the movement of material from suppliers to the manufacturer and finally the finished goods to the consumers.
Logistics involves the integration of the production and delivery of a product or service in order to ensure efficient and effective management. Originally, logistics was…show more content…
• Consolidate product movement by grouping shipments.
• Maintain high quality and engage in continuous improvement.
• Support the entire product life cycle and the reverse logistics supply chain.
An effective logistics management strategy depends upon the following tactics:
• Coordinating functions (transportation management, warehousing, packaging, etc.) to create maximum value for the customer.
• Integrating the supply chain.
• Substituting information for inventory.
• Reducing supply chain partners to an effective minimum number.
• Pooling
Read More
Good Essays
Aspects Of Supply Chain Management
775 Words
2 Pages
Introduction Supply chain management (SCM) is the positive streamlining of a business' supply-side activities to maximize consumer value and earn competitive advantage in the marketplace. Supply Chain Management act an effort by suppliers to grow and apply supply chains that are as effective and economical as acceptable. Supply chains cover everything from production, to product development, to the information systems needed to direct these undertakings. Supply Chain Management try to control or link the production, shipment and distribution of a product. By managing the supply chain, companies are able to cut surplus costs and sent products to the consumer faster.
Read More
Good Essays
The Importance Of Inbound Logistics Flow
1000 Words
2 Pages
In that way, Refresco Purchasing Buyers of the raw materials will have an overall picture of the entire inbound transportation and warehousing activity, which among others enables finding possibilities in coordination, as well as the use of knowledge and expertise about both the transportation and warehousing market and buying power that the purchasing department of Refresco has. By doing so, the department of purchasing will be able to concentrate on their core business, at the same time as the transportation cost and the total logistic cost of the inbound flows could be minimized. In order for this solution to work, Refresco Purchasing department need to work more
Read More
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Importance Of Supply Chain Management
1433 Words
3 Pages
As we are very familiar with the concept of supply chain management concept which shows that SCM is the management of the flow of goods. It contains the movement and storage of raw materials, work-in-process inventory, and finished goods from point of source to point of consumption. Supply chain management has been defined as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a good setup. Supply and demand model says about the supply of the product as well as demand of the product or raw material. In this model we can see the current price of the product will vary according to the demand of the product in the market.
Read More
Satisfactory Essays
Supply Chain Management And The Importance Of Supply Chain Management
1212 Words
3 Pages
Furthermo... ... middle of paper ... ... want to be connected to assembly lines and conscious of demand throughout the supply chain. Purchasing and supply management occur at all stages of the supply chain. At each level, logisticians exercise their responsibilities to demand and replace products for their businesses from select suppliers to meet demand. Disorganized supply functions can occur anywhere in the supply chain when there is a fracture in communication. In the article, “Supply Chain Management: More Than Integrated Logistics”