Logistics and Supply Chain Management

1186 Words5 Pages
1a.What logistics management?
b. State the six rights in an effective logistics management system.
Logistics is defined as process of planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from point of origin to the point of consumption for the purpose conforming to customer requirement, which also includes the inbound, outbound, internal, and external movements and return of materials for environmental purposes.
Logistics Management is the governance of supply chain functions. Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design,
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The goods must also be delivered at the right time that is the goods must be provided as and when it’s needed. For example for a time bound or seasonal product like daily graphic, rain coat, the product will be of no use to the customer when it is supplied late.
Lastly, the goods must be provided at the right cost. Thus the cost of acquiring the product should be what the consumer will be sure of achieving value for his money. The six rights should be rightly blended to ensure better customer satisfaction.

QUESTION: Define retail logistics and explain its functions.
Logistics is the function of making goods and other resources physically available for use as and when required. This generally includes two basic activity of moving or transporting these resources and storing them at different location till required for use or further transportation.
Retail logistics is the organized process of managing the flow of merchandise from the source of supply to the customer. Gibson G. Vedamani.
Retail logistics performs numerous functions and among these are as follows;
Inbound and outbound transportation. Retail logistics conduct physical movement of goods from the wholesalers point to their premises and
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