2. Logistics
Logistics is the art and science of obtaining, producing and distributing materials and
products in a proper place and proper quantity.
3. Role of logistics in supply chain
Difference between supply chain and logistics
Supply chain logistics
Transforming the raw materials into Movements of materials in
products and getting it to customers. the whole supply chain.
Seven R’s of logistics
Most popular concepts of logistics management is the concept of 7R s.
4. Logistic Functions
These are the logistics modes of transportation, which contribute almost 100% of the
overall logistics business.
6. 3PLs and 4PLs
Third party logistics (3PL) and fourth party logistics (4PL) .
A third party logistics company is the one which works with shippers, in order to manage
the another company's logistics operations department.
3pl is the outsourcing activities related to logistics and distribution.
7. Reverse logistics
Reverse logistics is the reuse of transportation products and materials.
It is the process of moving goods from the typical final destination for the purpose of
capturing value or proper disposal.
8. Logistics value proposition
It is needed for c-level supply chain executives and for 3pls and 4pls.
A value proposition built on yield management and suppliers management is unique and
creates competitive advantage that drives increased profits.
9. Benefits of Supply Chain
Collaboration
Lower inventory levels and higher inventory turns
Lower transportation and warehousing costs
Lower out-of-stock levels
Shorter lead times
Improved customer service metrics
Visibility into customer demand and supplier performance
Pre-planned and quick decision-making