AKG/LOGISTIC & SUPPLY CHAIN MGMT.

LOGISTIC MANAGEMENT:
Logistics is the process of planning, implementing & controlling of efficient, effective flow and storage of goods, services & related information from the point of origin to the point of consumption for the purpose of conforming to customer expectations. Logistical Management includes the design & administration of system to control the flow of materials, work-in process and finished inventory to support business unit strategy. On the basis of above facets of Logistics Management, a more comprehensive definition of it is:

Logistic Management refers to designing, developing producing & operating an integrated system which responds to customer expectations by making available the required quantity of required quality products as and when required to offer best customer service at the least possible cost. The major features of logistics management: It ensures a smooth flow of all types of goods such as raw materials , work in-process and finished goods. It has the ability to meet the customer expectations and requirements of goods. It ensures the delivery of good quality products. It offers the best possible customer services at least possible cost. It is an integration of various managerial functions for optimization of resources. It deals with movement & storage of goods in appropriate quantity. It enhances productivity & profitability.

Evolution of logistics concept:

AKG/LOGISTIC & SUPPLY CHAIN MGMT.

COMPONENTS OF LOGISTICS MANAGEMENT:

AKG/LOGISTIC & SUPPLY CHAIN MGMT.

Components of Logistic Management consists of three major components: A. Generic Component includes Customer Service B. Primary Components include Management, Order Processing Network Design, Transportation, Inventory

C. Supportive Components include Storage & Warehousing, Materials Handling, Procurement, Protective packaging, Information & Forecasting.

FRAMEWORK FOR LOGISTICS STRATEGIC PLANNING:

AKG/LOGISTIC & SUPPLY CHAIN MGMT.