S.G.M. COLLEGE OF COMMERCE & ECONOMICS NAME: RUCHIKA DARANDALE ROLL NO.: 03. NAME: POOJA PATEL ROLL NO.: 09. NAME: VISHAL JOGADAND ROLL NO.: 05. CLASS: T.Y.B.M.S. [SEMESTER-V]. DIV: A. SUBJECT: ELEMENTS OF LOGISTICS & SUPPLY CHAIN MANAGEMENT TOPIC: INTRODUCTION TO ELEMENTS OF LOGISTICS MANAGEMENT & SUPPLY CHAIN MANAGEMENT SUBMITTED TO: PROF. KARUNANIDHI
The word “logistics” is derived from the Greek word “logistike” meaning “the science of computing and calculating”.
Supply chain consists of all stages that are required to satisfy the customer request. It starts with the supplier and passes through the manufacturing, distribution and retailer and finally reaches the consumer.
The process of planning, implementing and controlling the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption for purpose of conforming to customer requirement.
SUPPLY CHAIN MANAGEMENT:
Supply chain management (SCM) is the oversight of materials, information and finances as they move in process from supplier to manufacturer to wholesaler to retailer to consumer.
Inbound Logistics: Activities associated with receiving, storing and disseminating inputs to the product such as inputs to the product such as material handling, warehousing, inventory control, vehicle scheduling and returns to suppliers. TYPES OF LOGISTICS
Outbound Logistics: Activities associated with collecting, storing and physically distributing the product to the buyers. It includes distribution of finished goods, order processing, warehousing, material handling, delivery vehicle operations, scheduling, shipping, etc. TYPES OF LOGISTICS
Third Party Logistics: Third party logistics is the activity of outsourcing activities related to Logistics and Distribution. A third party logistics firm may be defined as an external supplier which performs all or part of the company’s logistics functions. TYPES OF LOGISTICS
Fourth Party Logistics: Fourth party logistics provider is a supply chain integrator that assembles and manages the resources, capabilities and technology of its own organizations with those of complementary service providers to deliver a comprehensive supply chain solution to the client. TYPES OF LOGISTICS
Reverse Logistics: Reverse logistic deals with product that flow to the opposite direction as against standard logistic channels. It include backward flow of hazardous and non hazardous waste, recycling materials, reuse of product, damaged product etc. TYPES OF LOGISTICS
Integrated Logistics: The management & technical process through which supportability & logistic support consideration are integrated into the design & taken into account throughout The life cycle of system/equipment & by which all element of logistic support are planned, acquired, tested, & provided in a timely & cost effective manner. TYPES OF LOGISTICS
Logistics Lead Time (LLT) is the delay between the initiation of an order and the completion of its fulfillment. The measurement of LLT encompasses the 3 following processes: 1) PROCUREMENT—includes holding any inventory mandatory to start production (e.g., raw materials, parts, components, recipe ingredients). 2) PRODUCTION—includes specifications, conception, design, transformation, manufacture, assembly, and quality management. 3) DISTRIBUTION—includes planning, allocation, assignment, and tracking of shipment and delivery resources. LEAD TIME IN LOGISTICS
We manage support logistics at more than 150 manufacturing sites worldwide. Our customized services include sequencing, line-side feeding, subassembly, kitting and local engineering, ensuring optimal material flow through every plant—so you can turn materials into sales faster.
Keep tight track of your inventory, boost quality, ratchet up safety and make employee morale soar. These are among the many benefits Penske manufacturing support logistics help produce.
Plan for High Performance:
We help to ensure supplier compliance and improve just-in-time performance so that you avoid over- or under stocking. We also prepare you for the future with solid planning and continual adaptation of successful strategies to new realities.
Work With an Industry Leader:
Penske is at the forefront of the logistics industry, providing support to numerous industry groups, such as the Council of Supply Chain Management Professionals, the Warehousing Education and Research Council and the American Trucking Association.
1) Logistics experimentation with focus on operational vehicle system effects 2) Scenario-based evolutionary scheduling approach for assessing future 3) Supply chain fleet capabilities, and scenario generalization 4) Generation of Pareto sets of vehicle fleet solutions, multivariate, cluster and correlation analysis 5) Development of effects-based measures of performance for vehicle and distribution systems 6) Discrete event simulation 7) Capability-cost trade-off analysis. LOGISTICAL MISSION