Logistics Management : Supply Chain Management

Reorders are placed at the time of review (T), and the safety stock that must be reordered is:

In the San Diego distribution center (DC) information flow example, dealers not being notified automatically of order status would be classified as

Coyle, J. J., Bardi, E. J. & Langley, C. J. (2003).Management of business logistics: a supply chain p

The companies have strategic objectives they aim at achieving by the choice of supply they choose. The aims at studying the supply chain of Ford Automobile and identifying their strategies that lead to the choice. The

Supply chain management is a valuable practice whose purpose is to offer businesses a competitive advantage in the market place. According to Jacoby, D. (2010), some companies like Walmart and Dell have applied this system to gain a competitive advantage in the market while others have failed to apply it owing to its complexity. Companies require adequate and accurate information about all the players in the chain management in order for them to meet their consumers, demands while maintaining health relationships with their suppliers. Technology plays a pivotal role in availing such information, and as such, it is an effective tool for chain management. If done in the right way, then organizations will be ahead of the rest of the competitors in the market place. It is for this reason that organizations should invest in proper supply chain management in order for them to enhance their revenues while cutting on the costs.

The globalisation of markets has increased customer demand and product differentiation. Higher quality products and shorter delivery times are essential for maintaining customer satisfaction in highly competitive markets like the consumer electronics industry. Consequently, supply chain management is an important process in all businesses, and if managed effectively, can give companies a competitive edge. However, it often

Managing the Supply Chain ( SCM) is a set of approaches used to efficiently integrate suppliers, manufacturers , warehouses and stores so that merchandise is produced and distributed in the right quantities , at the right place at the right time in order to minimize system cost while the wide requirement of satisfactory levels of service . It can also be defined as the coordination of production , inventory , location, and transportation among the participants in a supply chain to achieve the best mix of responsiveness and efficiency for the market served .

1.1 Forecasting is the basic and initial step in supply chain planning. Matching supply and demand is at the heart of operational planning. As most of the production systems fail to give an instantaneous response to customer demand, forecast of future demand is very necessary to make efficient and effective operational plans.

In today’s rapidly changing business environment, ever-greater demands are being placed on business on every industry, such as to provide products and services quicker, with greater added value, to the correct location, with no relevant inventory position, etc. However, customers are more sophisticated by wanting more quality, design, innovation, choice, convenience and service, and they want to spend less money, effort, time and risk. Hence, every business has to deal with highly competitive situation in order to survive; Supply Chain Management (SCM) becoming the main topic for improving efficiency and satisfy customer’s need.

This paper provides a basic but fundamental understanding of logistic primarily based on the book of “Logistics Management and Strategy” by Harrison and van Hoek. It will guide you through from the basic definition and concepts to the different supply chain strategies that exist, as well as providing a perception on the future logistic development. Explanation of principal terms like logistic, supply chain management and supply network is discussed, and important logistic systems like just-in-time, lean thinking and agile strategies are deliberated. Different ways of working together within the supply chain is debated, where there are different ways of sharing

Supply Chain Management is a process of streamlining the supply-side activities in order to order to take control over production, shipment and distribution (Cooper et al, 1997). An impeccable supply chain management process should enhance the quality of the production environment and help the organization to gain the competitive advantage. The supply chain management, in a nut shell, looks after the flow of goods within the organization. The flow normally refers to the movement of raw materials from storage area to work-in-progress area to inventory of the finished goods to distribution to the inter-linked networks that reach the end customers. The effective supply chain management would help the organization to reduce the ownership of the raw materials and distribution channels and to enhance the trust and collaboration with the supply chain partners. The globalization, information technology and outsourcing practices have been helping the organizations to successfully operate supply chain networks with the help of the technology

Operations Management is concerned with the managing of resources and activities that produce and deliver goods and services

Supply chain management involves various activities from acquisition of raw material to distribution of final goods while logistics involves only transportation of goods. Supply chain plays integral role in business process without effective supply chain management an organization cannot meet its demands on time. So it plays crucial role in business activities.

The primary aim of logistics is to co-ordinate the transportation, storage and handling of products as they move from the source of raw materials, through the manufacturing system to their final point of sale in a way that it meets customer requirements at minimum cost. In the past this cost has been defined in purely monetary terms. Recently the world has witnessed an increasing awareness about environmental and sustainability issues. This growing concern for the environment has a created pressure on companies to reduce their negative environmental impact. As defined by ISO14001, the environmental impact is “a modification of the environment, negative or beneficial, resulting wholly or partially from environmental aspects of an organization “. Since the transportation of goods leads to air and noise pollution, leads to fatal accidents sometimes and has significant impact on global warming, firms have been trying to render their supply chains and logistics operations more environmental friendly. That this why many Green logistics strategies have been devised in order to achieve an efficient and environmentally friendly distribution and transportation system.

What is logistics? It is management process of the movement of resources it can be either raw material or finish goods between source of consumption and the end user i.e. customer, organization to meet requirements. There are various definitions in the literature or in the business world; the most suitable definition is the overall relationship between supply, material management and the distribution (Rushton A. ). This logistics concerned with physical as well as information flows, not only that it use in the storage form the raw material to final distribution of the finish good. In the logistics process physical items frequently involves the combination of material handling and the material flow, production, information