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Concept of Logistics Management

Terms in this set (28)

Materials flow into the manufacturing capacity of an industrial nation and products are distributed to consumers
Why is logistics of business is big and important?
Logistics
Defined as a business planning framework for the management of material, service, information, and capital flows.
Increasingly Complex Information
Communication
Control Systems Required
What does logistics include?
Helsinki, 1996
He defined logistics as a business planning frame work for the management of material, service, information and capital flows.
Logistics
Refers to the movement of goods from Point A to Point B.
Transportation and Warehousing
Logistics entails two functions, which are...
Having the right thing
At the right place
At the right time
What are the three main aspects of Logistics?
Logistics Management
The process of strategically managing the procurement, movement and storage of materials, parts and finished inventory.
Through Organization and Marketing Channels
How does logistics management process strategical management?
Logistics Management
Focused more on providing product availability at appropriate times and on places in the marketing channel.
Marketing Channels
The set of people, organizations, and activities that work together to transfer goods (products and services) from the point of origin to the point of consumption
Direct Selling
Selling Through Intermediaries
Dual Distribution
Reverse Channels
What are the four types of marketing channels?
Direct Selling
Selling directly to consumers away from a fixed retail location
Direct Selling
Sales take place at customers' home (door-to-door), workplaces, shopping malls, non-store location, online platforms (McDonald's Application).
Selling Through Intermediaries
Through wholesalers and retailers are utilized to make a product available to the customer
Selling Through Intermediaries
Sales takes place through retailers (Shampoo company sells to a drug store), Ecommerce (Shopee, Lazada, Zalora), Markets
Dual Distribution
They may sell directly to the end users as well as sell to other companies for resale.
Dual Distribution
M&M's has a lot of retail locations around the world, but also sell their products through retailers like supermarket and department stores. What kind of marketing channel does M&M's use?
Reverse Channels
Sales come from consumer to intermediary to beneficiary.
Reverse Channels
Sales come through recycling or reselling, and refurbishing.
Reverse Channels
Goodwill resales goods that have been donated. What kind of marketting channel do they use?
*Selecting appropriate vendors with the ability to provide transportation facilities
*Choosing the most effective routes for transportation
*Discovering the most competent delivery method
*Using software and IT resources to proficiently handle related processes
Logistic Management involves numerous elements, including:
For better productivity, work efficiency, and minimize costs and errors.
Why does logistics management need to adapt with the technological changes?
Supply Chain
All the activities, associated with the sourcing, procurement, conversion, and logistics management, come under the supply chain management.
Supply Chain
The connected chain of all of the business entities, both internal and external to the company, that perform or support the logistics function
Logistics Management
A small portion of Supply Chain Management that deals with the management of goods in an efficient way.
Distribution
The process of making goods available for consumers or other businesses as and when they are needed.
Supplier to Manufacturer to Distributor to Retailer to Shopper
Suppy Chain Management of Logistics
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