REVISION LOGISTIC CHAPT 5

Front

What is the definition of Logistics?

Back

Getting the right material to the right place and time, in the right quantity at the right cost to the right customer.

Front

Logistics can also be defined as:

Back

‘The process of planning, implementing and controlling the

efficient, effective flow and storage of raw materials, in

process inventory, finished goods and related information

from point of origin to point of consumption for the

purpose of conforming to customer requirements

Front

Primary categories of logistics

Back

Business logistics

• getting the right amount of a material to the right person or

organisation at the right time, in the right place, and at the right

price so that goods can get to their final consumers more easily.For

example, goods movement from China to Malaysia.

 Military logistics

• Involved in tactical movement of troops and military suppliers.

• One phrase for military supply chain management is "combat service

support," which refers to the approach employed to coordinate

troop movements and equipment.

 Event logistics

• Focuses on the event management system involved with facilities,

network of activities, personnel, and arrangement of resources for

an event to take place.

• refer to the logistical system that includes the venues, the chaining

together of events, the recruitment of staff, and the distribution of

materials required for an event to take

Front

Objectives of logistics in an

organization

Back

To set the standard for and

control customer service

performance.

To keep inventory to a minimum

and whenever possible, set in

motion a policy of inventory

reduction.

To have minimal disruption to

planned operations to eliminate

inessential cost.

To strive for minimum total cost

of operations and procument.

Front

• Four principal types of economic

utility that add value to a product or

service:

Back

• Form

• Place

• Time

• Possession

Front

• Economic Impact MACRO LEVEL

Back

−Economic development and

specialization

−Variety of goods

−Effects on price

−Land values

Front

Logistics in organizations micro level

Back

− Manufacturing and

operations

− Marketing

product

price

places

promotion

− Other areas

Front

ELEMENTS OF LOGISTICS

Back