Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword or section
Like this
276Activity
P. 1
INDIAN LOGISTICS INDUSTRY

INDIAN LOGISTICS INDUSTRY

Ratings:

4.0

(1)
|Views: 12,577 |Likes:
Published by Rajnish Thakur

More info:

Categories:Types, Business/Law
Published by: Rajnish Thakur on Jun 11, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less

08/21/2013

pdf

text

original

 
INDIAN LOGISTICS INDUSTRY
2009
PROJECT REPORTON
INDIAN LOGISTICS INDUSTRY
FOR PARTIAL FULFILLMENT OF
POST GRADUATE DIPLOMA IN MANAGEMENTSUBMITTED TO
:Ms. Gunjeet Kaur Lect. of SVSM
SUBMITTED BY:
Rajnish Kumar Roll No. SVPG/07/05PGDM – 6
th
Trimester  
SWAMI VIVEKANAND SCHOOL OFMANAGEMENT
Ramnagar (near Banur), Patiala
1 |
PageSVSMRAJNISH THAKUR (PGDM) INTERNATIONAL BUSINESS & MARKETING
 
INDIAN LOGISTICS INDUSTRY
2009
Punjab
LOGISTICS MANAGEMENT - INTRODUCTION
Logistics management is that part of the supply chain which plans, implements and controlsthe efficient, effective, forward and backward (reverse) flow and storage of goods, servicesand information between the point of origin and the point of consumption in order to meetcustomers' requirements rather to the customers’ delight. A professional working in the fieldof logistics management is called a logistician.Logistics, as a business concept, evolved only in the 1950s. This was mainly due to theincreasing complexity of supplying one's business with materials, and shipping out productsin an increasingly globalized supply chain, calling for experts in the field who are calledSupply Chain Logisticians. This can be defined as having the right item in the right quantityat the right time at the right place for the right price and to the right target customers(consumer); and it is the science of process having its presence in all sectors of the industry.The goal of logistics work is to manage the fruition of project life cycles, supply chains andresultant efficiencies.
 
Logistics is concerned
 
with getting (or transmitting) the products andservices where they are needed or when they are desired. It is difficult to accomplish anymarketing or manufacturing without logistical support. It involves the integration of information, transportation, inventory, warehousing, material handling, and packaging. Theoperating responsibility of logistics is the geographical repositioning of raw materials, work in process, and finished inventories where required at the lowest cost possible.
b. Origin and Definition of Logistics:
The term "logistics" originates from the ancient Greek "λόγος" ("logos"—"ratio, word,calculation, reason, speech, oration"). Logistics is considered to have originated in themilitary's need to supply themselves with arms, ammunition and rations as they moved fromtheir base to a forward position. In ancient Greek, Roman and Byzantine empires, there were
2 |
PageSVSMRAJNISH THAKUR (PGDM) INTERNATIONAL BUSINESS & MARKETING
 
INDIAN LOGISTICS INDUSTRY
2009
military officers with the title ‘Logistikas’ who were responsible for financial managementand distribution of supplies.The
Oxford English dictionary
defines logistics as: “The branch of military science havingto do with procuring, maintaining and transporting material, personnel and facilities.”The
American Council of Logistics Management
defines logistics as“the process of  planning, implementing and controlling the efficient and effective flow, and 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.”
c. Objective of Logistics Management: 
The primary
 
objective of logistics management is to effectively and efficiently move thesupply chain so as to extend the desired level of customer service at the least cost. Thus,logistics management starts with ascertaining customers’ needs till their fulfilment through product supplies. However, there are some definite objectives to be achieved through a proper logistics system. These can be described as follows:
1. Improving customer service:
An important objective of all marketing efforts, including the physical distribution activities,is to improve the customer service. An efficient management of physical distribution can helpin improving the level of customer service by developing an effective system of warehousing,quick and economic transportation, andmaintaining optimum level of inventory.
2. Rapid Response:
Rapid response is concerned with a firm's ability to satisfy customer service requirements in atimely manner. Information technology has increased the capability to postpone logisticaloperations to the latest possible time and then accomplish rapid delivery of requiredinventory.
3 |
PageSVSMRAJNISH THAKUR (PGDM) INTERNATIONAL BUSINESS & MARKETING

Activity (276)

You've already reviewed this. Edit your review.
Soni Bhavesh liked this
Rajesh Govardhan liked this
Ashok Singh liked this
pandey_hariom12 liked this
jjjithendra liked this
Abinash Dash added this note
ITS FOR ME
Rakesh Mrv liked this
Konica Grover liked this
Dhruv Bansal liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->