Business Studies

What are the main objectives that need to be achieved by a logistics manager

• To make input resources available at the right place and time

• To make available the right quantity and quality of input resources

• Behave honourably in all aspects of business

• To maintain transparency, and visibility in the operation

• To reduce where position the cost of activities within logistics function

What are the benefits of good logistics management?

• Improved satisfaction- timely & accurate delivery

• Customs clearance- process of complying with customs regulations and procedures to import or export goods

• Reduced costs - optimized logistics and transportation

• Enhanced supply chain- real time tracking and monitoring

• Increased competitiveness- reliable and efficient logistics

Reverse logistics can include?

• Refurbishment

• Repairs

• Product returns

• Recycling

Reverse logistics helps companies to?

• Increased efficiency

• Reduce waste

• Improve customer satisfaction

• Recover value from returned products

• Comply with regulations

By prioritizing ethics in logistics management companies can?

• Enhance their reputation

• Increase risks

• Improve long term sustainability

• Build trust with customers and stakeholders

• Reduce risks

consists of the planning of the transport, including intermodal transportation as well use of car cargo, rail transport

Involves the forecasting of orders, order requirement, customer order management, production and materials management

Involves both procurement of appropriate inventory as well as the management of production inventory

Involves storage and internal movement of goods and materials as the operation transforms inputs to outputs for customers

consists of activities such as market research, requirements planning, supplier management and order controlling