Elements of Logistics Management Notes

Home (http://www.bms.co.in) / Elements of Logistics Management Notes

WhatsApp us 8080810082 | contact@bms.co.in (http://www.bms.co.in/advertise/)
 | | November 8, 2010 (http://www.bms.co.in/elements-of-logistics-management-notes/)| Notes| 10
faraz.vehvaria

(some topics are missing plz refer to your txt book also)

CHAPTER 2, 3, 4 INTRODUCTION TO LOGISTICS

DEFINITION OF LOGISTICS

Advertisement

According to the Council of Logistics Management (CLM) Logistics is the process of planning, imple
goods, services and related information from point of origin to point of consumption in order to meet

OPERATING OBJECTIVES OF LOGISTICS 2 (Nov. 03, 06)

1. Rapid Response: Rapid response is concerned with a rms ability to satisfy customers req
and supplying on demand, orders are executed on shipment-to-shipment basis. Here IT h
possible time and then execute rapid delivery as when needed by customer.
2. Minimum Variance: Variance is any unexpected event that disrupts system. Logistical ope
disruption in manufacturing, goods damaged at customers location and delivery to an inc
variance was to keep safety stock or use high cost transportation. Such practices were exp
information technology to achieve positive logistics control.
3. Minimum Inventory: The objective of minimum inventory involves asset commitment and
value of inventory developed throughout the logical system and inventory turnover is the

reduce the inventory without sacricing customer satisfaction.
4. Movement Consolidation: One of the most signicant logistical costs is transportation. Tra
shipment and distance. Movement consolidation means grouping small shipments togeth
5. Quality Improvement: Logistics is a prime part of developing and maintaining continuous
will have to ship the product out of customers premises and repeat the logistical function
6. Life-Cycle Support: Life cycle support is also called cradle-to-cradle logistical support. It m
the possibility of after sale services, product recalls and product disposal. This means that
package (cradle) and the how to remake and reuse them (to cradle). E.g. Cold drink indust
are reused in making pf paper dishes.

TYPES OF LOGISTICS

1. Reverse Logistics (May 06,07)

Reverse logistics is also known as Product Recall. It may be dened as a process of moving good
for re-processing, relling, repair, and recycling or waste disposal.

Reasons for Reverse Logistics

1. Rigid quality standards- it is critical in case of contaminated products, which can cause en
2. Rigid laws prohibiting unscientic disposal of items
3. Rigid laws making recycling mandatory
4. Transit damage e.g. leaking containers containing hazardous material.
Archives

Select Month

BMS.co.in is aimed at revolutionising Bachelors in Management Studieseducation, also

known as BMSfor students appearing for BMSexams across all states of India. We provide
free study material, 100s of tutorials with worked examples, past papers, tips, tricks for
BMSexams, we are creating a digital learning library.

Disclaimer: We are not aliated with any university or government body in anyway.

2017 BMS - Bachelor of Management Studies Community

A Management Paradise (http://www.ManagementParadise.com/) Venture