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Logistics Management

PGDFT

Meaning and Definition


Logistics means the set of resources (capital, labor, financial, information, and management) and their deployment for the receiving, handling, storing, moving, and shipping of tangible and material. Logistics deals with all the forward and reverse flow of goods, information and funds from the point of origin to the point of consumption against a certain amount of money. Council of Logistics Management Logistics is that part of supply chain process that plans, implements the efficient and effective forward and reverse flow and storage of goods, services and related information between the point of origin and

SCOPE & IMPORTANCE


In-bound warehousing
Material handling

Outbound warehousing

Packaging and distribution

Shipping and delivery

Contributions of Logistics management


Product decisions Allocation Decision Plant Location Production planning Choice of Markets Inventory Mgmt Stocking Levels Production Structure Transportation mode choice, Distribution / Dealer Network Shipment size and Routing decisions, Design Location of Warehouse Transport contracting Plant Layout and Logistics Packaging Warehouse Operations Materials Handling

Modes of Transport in International trade


Ocean Air Road Rail Pipeline Canals

Selection Criteriaaaaaa.
Criteria Rail Water Road Pipe Air

Speed
Cost Reliability

Medium
Medium Medium

Slowest
Lowest Poor

Fast
High Good

Slow
Low Excellent

Fastest
Highest Good

Variety Coverage

Widest Many

Widest Limited

Medium

Limited

Limited Many
Hi value, speedy

Unlimited Very limited Suitability Bulk/ Low High Fluids, oil, of product Long value - value, gas, haults, hi nonperis short slurries freight hable haults Vs.