Logistics And Quantitative Modules : Logistics Essay

The flow of goods and services from initial raw material to consumers as finished goods and the reverse flow of the used or damaged goods combines multiple organization which have to function efficiently. Even though the functioning of an individual enterprise of the supply chain is for individual management but the entire supply chain have to be effectively managed. This is achieved through the help of Information technology. The IT support system provides with supply chain managers with relevant information at the right time. Depending on the time frame of the activities and the frequency at which they occur, i.e. strategic, tactical and operational levels of supply chain management. All these levels have different

During last two decades, the importance of logistics has been noticed around the world. In global markets, the effects and further developments of logistics and supply chain management for corporate success has increased significantly that result in a large amount of companies have taken actual benefits in logistics, such as reducing costs, enhancing customers ' satisfaction and increasing sales. However, some people are confused with the relationship between logistics and supply chain management. Therefore, this essay will argue that logistics management and supply chain management are not exactly the same in operations because of the scope where utilized and some specific activities are similar, but some are different. In the end, this essay will also talk about the reasons for logistics management is an important strategy to manufacturing or service companies.

Modernization of logistics, which was laid down in the ’60s’ and ‘70s’ (Business Finance, 2008), became the priority of the world’s leading management theorists and practitioners. The process of modernization was closely connected with the introduction

The globalization of organizations and more competitive forces have compelled more manufacturing businesses to improve an efficient supply chain planning for reducing the cost of supply chain. Planning of supply chain is being the critical component of business’ management. Supply chains have conventionally been split, being unsuccessful to assimilate the business utilities in the chain of logistics process. Such difficulties, as extended order lead times, high inventory costs, and struggle in answering proactive to real time variations, having lower profits and weak client goodwill that can be determined by putting together supply chain management schemes for transportation and warehousing. Supply chain can be explained as a combined practice where actually numerous different organizations individuals such as manufactures, retailers, distributors, and suppliers perform together in order to obtain raw materials, transform these raw materials into wanted ultimate products and supply these ultimate products to the vendors. The key methods in this combined procedure are the distribution, logistics, production planning and control. The production and planning steps are two of the most crucial parts to obtain worldwide optimization in supply chain management. And, this should be explained inside the integrated planning infrastructure. Interactive parts of supply chain included key parts such as purchase, production, logistics planning, sale, production and manufacturing

There are many challenges being faced by the logistics industry today as the companies strive for sustainability. This is because the providers of logistics services have, over a period of several years, found them being integrated into the production processes of their customers, while at the same time, governments and businesses have continued to carefully weigh the issue of logistics in their investment and business decisions. Some of the previous trends and the forces of the operations of logistics that drive the transformation of a Freight forwarding company will be examined. It will focus on theories, conceptual models and frameworks that explain logistic operations. The gaps in the logistics operations and the dangers of not addressing

In recent years, the rapid development of e-commerce has created a vast market of online business; in which modern logistics have a huge space for development and improvement.

The complexity of the reverse supply chain can be both difficult and challenging all at the same time. By implementing the most innovative and sophisticated software in an organization can exceed the old practices and replace those with the best. In doing so, not only will the sustainability improve the organizational practices in efforts to reach benchmarks but also harvest strong ties within the global economy will as well. Over the past decade the technological boom has taken the world by storm. In all new emerging markets there is a demand for the latest and greats IT innovation that are available. “the potential impact, be it positive or negative, of information technology on the effective management of the logistics function. This is achieved by defining the concepts of logistics, management, information and technology to create a base of understanding” (Introna, 1991). However, in the world of Supply Chain Management some companies have been left behind due to the lack of IT infrastructure. By falling behind this has cause a break in communication within both the forward and reverse flow of supply chains. This is an underlying issue that has caused many consumers and buyers alike to discontinue working with companies for multiple reasons ranging from lack of accountability as well as social issues including the recovery and disposal of products, goods, and materials alike.

The inbound start from the suppliers to manufacture and the out bound begin from warehouses to end users.

The performance of the logistics system has a major impact on cost structures, revenues, service quality, and competitiveness in Australian industry. Logistics activities have been evolving rapidly in response to changes such as globalization, general industry restructuring, new production processes, and technological advances.

“Logistic is the process of planning, implementing and controlling the efficient, effective flow of goods storage of goods, services and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements”

Worldwide business is getting to be continually dependent on logistics and supply chain network administration with a specific end goal to keep pace with the requests of the worldwide economy. This is the reason business pioneers recognize that the inventory network could be a quality maker and a wellspring of point of interest.

For this essay I have chosen the analysis of the ERP system. In the last few weeks we have been focusing mainly on ERP and discussing it, therefore I have chosen it. I believe that this assignment will help me find out how well I have mastered the understanding of the ERP system.

Modern logistics is more intelligent and integrative than traditional logistics, there are various techniques in the field of logistics such as RFID Technology (Radio Frequency Identification), ERP (Enterprise Resource Planning) and RF WMS (Radio Frequency Warehouse Management System). These techniques put forward 20 years ago, but it seems to be unrealistic at that time. Thus, these original ideas were realized and continuously perfect. Until now, the people of logistics still try to improve these techniques. Traditional warehouse has simplex function and low ability of services, it is not suit

Logistics is considered as an operational process which includes activities such as storing, transporting and distribution of physical goods. E- Commerce has made a big change in logistics and distribution processes. Due to introduction of online purchases, way of handling materials have also been changed. Online retail industry is being expanded year to year. According to Goldman Sachs, Online Sales will reach $750B mark by 2016 with annual growth rate of 20%.

Logistics is that part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point-of-origin to the point of- consumption in order to meet customers ' requirements (Enarsson, 2015). Simply put, logistic means moving product from one point to another in the most effective way. The purpose of this assignment is to discuss the logistics activities, concept and technology because I know logistics is very important that is why I want to write more about it and explain each of the terms.