ELEMENTS OF LOGISTICS MANAGEMENT
INTRODUCTION TO LOGISTICS. Chapter 1.
“Logistics is the applied science of defining supporting systems and of planning and implementing the acquisition and use of resources.”
Categories of Logistics :
1. Subsistence logistics :- basic necessities of life. it is relatively stable and predictable. 2. operations logistics :- relatively constant and predictable. It starts from raw material utilization during production and distribution of finished goods. 3.systems logistics.:- it is all the resources required to keep the system in operation.
Supply chain concept:- It is an value addition concept. (a modern concept) It is managing the entire
flow of information,material and services from raw materials suppliers through factories and warehouses to the end consumer.
Logistical Integration:- The application of logistics management principles frequently represents a compromise among conflicting interest within the enterprise. This concept has help develop areas like; Total cost analysis.:-
Systems approach. It is the view of an enterprise as an integration of functional areas working towards common goal is considering that enterprise as a system. Customer service.:-
Strategic concept of logistics: good firms do most things that all other firms do but they do these better than others i.e. competencies. The three C’s model of competitive advantage : Company, it’s customers and it’s competitors. They add value.
Logistics in the value chain: by Porter (1985). He differentiates between primary activities and...
Please join StudyMode to read the full document