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Logistics Practices in India

Logistics Practices in India

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Published by Kamal Joshi

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Published by: Kamal Joshi on Dec 05, 2009
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06/04/2012

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Logistics Practices In India (Submitted to : Prof. Abhijeet A. Naag)
Assignment of Logistics Practices inIndia
Submitted by:
Krishan Joshi (PGP-1, 9121)
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Logistics Practices In India (Submitted to : Prof. Abhijeet A. Naag)
Submitted to:Submittedby:
PROF. ABHIJEET A. NAAG
Krishan Joshi(9121)
Submitted by:
Krishan Joshi (PGP-1, 9121)
Page
2
of 
17
 
Logistics Practices In India (Submitted to : Prof. Abhijeet A. Naag)
LOGISTICS PRACTICES IN INDIA
Logistics: -
Logistics is the . . . “process of planning, implementing, and controlling the efficient,effective flow and storage of goods, services, and related information from point of origin to pointof consumption for the purpose of conforming to customer requirements.” Today the complexity of  production logistics can be modelled, analyzed, visualized and optimized by plant simulationsoftware.
Origins and definition :-
The term "logistics" originates from the ancientGreek "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 from their  base to a forward position. In ancient Greek, Roman and Byzantine empires, there were militaryofficers with the title ‘Logistics’’ who were responsible for financial and supply distributionmatters.
Logistics Management: -
Logistics management is that part of thesupply chainwhich plans,implements and controls the efficient, effective forward and reverse flow and storage of goods,services and related information between the point of origin and the point of consumption in order to meet customer & legal requirements. A professional working in the field of logisticsmanagement is called a logistician.
A logistician
is a professionallogistics practitioner.Professional logisticians are often certified by professional associations. Some universities andacademic institutions train students as logisticians, by offering undergraduate and postgraduate programs.
 Logistics must make work effectively.
This is required by your customers and, in turn, by your company. For effective logistics, there are four key issues--
Time/service: -
Hours may decide customer service, competitiveness and value-added.Time/service is a factor of competition, customer requirements, your company's position in theindustry, your corporate culture, how well everyone in the global supply chain works together, andhow well everyone works together in your company. Distance means time. Yet time delays are notacceptable.
Cost: -
Cost is the key measure by which logistics effectiveness is often measured. Cost control,containment, and management are important for corporate profitability. Cost has a relation toservice. As we define our service against our costs or costs against service, the give and takedevelops into our operating costs and budgets. Logistics cost measurement is a shortcoming in the present accounting systems.
Inventory management:
Inventory requires to be maintained to take care of needs betweenthe time of demand and time of supply. Inventory management involved decisions concerning:
Buffer stock, Lead time, Replenishment of stocks
.
Submitted by:
Krishan Joshi (PGP-1, 9121)
Page
3
of 
17

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