meeting, wait for the next break! INTRODUCTION TO LOGISTICS AGENDA
• Meaning and Concept of Logistics
• The Work of Logistics • The Infrastructural Bottlenecks in Indian Logistics Sector MEANING AND CONCEPT OF LOGISTICS • ‘Logistics’ is derived from French word ‘Loger’, which means art of war pertaining to movement and supply of armies. Fighting a war requires: • Setting an objective • Meticulous planning to achieve the objective • Proper deployment of troops • Supply lines consisting of weaponry, food, etc. INBOUND LOGISTICS, MATERIAL MANAGEMENT, PHYSICAL DISTRIBUTION • Inbound Logistics + Material Management + Physical Distribution = Logistics • Inbound logistics means the movement of materials received from suppliers. • Material management means the movement of material and components inside a firm. • Physical distribution refers to movement of goods outward from the end of the assembly line to the customer. DEFINITION
According to Council of Logistics Management:
• “Logistics is the process of planning implementing and controlling the efficient, 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 the customer requirement”. DEFINITION
• Logistics management is the part of supply chain
management that 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's requirements.