1a.What logistics management?
b. State the six rights in an effective logistics management system. Logistics is defined as process of planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from point of origin to the point of consumption for the purpose conforming to customer requirement, which also includes the inbound, outbound, internal, and external movements and return of materials for environmental purposes. Logistics Management is the governance of supply chain functions. Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply and demand planning and management of third party logistics services providers. The logistics function also includes customer service, sourcing and procurement, production planning and scheduling packaging and assembly. Logistics management is part of all levels of planning and execution, strategic operational and tactical. It is an integrating function, which coordinates all logistics activities, as well as integrated logistics activities with other functions including marketing, sales manufacturing, finance, and information technology. According to the Council of Logistics Management, logistics contains the integrated planning, control, realization and monitoring of all internal and network-wide materials-parts and product flow including the necessary information flow in industrial and trading companies along the complete value-added chain (and product life cycle) for the purpose of conforming to customer requirement. Logistics management is that part of supply chain management that plans, implements and controls the efficient, effective, forward and reverse flow and storage of goods, service, and related information between the points of consumption in order customer requirement. Logistics is one of the...
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