why is logistics important by G Nagarajan.pptx

1. Why is logistics important
Dr Nagarajan G
Professor, MBA Department and Research
RajaRajeswari College of Engineering,
Mysore Road Bengaluru-560074

2. Why is logistics important?
Even though delivering packages on time and in good
condition has always been crucial to the supply chain,
it has become even more mission-critical in recent
years.
Omnichannel is a customer-centric business strategy
that aims to provide a seamless shopping experience
across all channels. This includes in-store, mobile,
and online
This has happened as omnichannel commerce has become
more prevalent, allowing customers to order customized
products from their mobile devices and have them
delivered the same day to their homes or stores.

3. Suppliers, manufacturers, distributors, and
retailers have all had to enhance their
logistics procedures to outsmart the competition
and meet the requirements of the fast-paced
world of logistics.
To better understand the supply chain, they have
also had to streamline their operations and
integrate all the processes and operations.

4. What does it mean to talk about logistics?
 Logistics is the process of getting resources,
storing them, and moving them to where they need
to go.
Finding possible distributors and suppliers and
figuring out how efficient and easy to reach they
are part of logistics management.
Logistics managers are called "logisticians.“
When the word "logistics" was first used, it
meant how the military got, stored, and moved
equipment and supplies.
This phrase is now often used in business,
especially by manufacturers, to discuss how
resources are handled and moved along the supply
chain.

5. Meaning of Logistics
Logistics management is the part of the supply chain process
that plans, implements, and controls the efficient, effective flow and
storage of goods, services, and related information from the point of
origin to the point of consumption to meet customer requirements.
Logistics is the management of supply and transportation to deliver
the goods on time and in good shape. handling of operations is a part
of the logistics industry, and the need to perform efficient and cheap
operations is of utmost importance in the modern competitive world

6. Logistics management refers to the acquisition,
storage and transportation of inventory from its origin
to its destination.
It involves maintaining the inventory, resources and
related information, and getting the goods to the right
location at the right time and to the right customer.

7. Definitions of Logistics Management
• According to Martin Christopher, logistics is the
strategic management of the procurement, movement,
and storage of materials, parts, and finished inventory.
• Philip Kotler defines logistics as the planning,
implementation, and control of the physical flows of
materials and finished goods from point of origin to
point of use.
• According to ASCM, logistics is the process and
coordination of products, raw materials, and services
across the supply chain

8. According to Wikipedia, logistics is the
process of planning, implementing, and
controlling the efficient, cost-effective flow of
raw materials, in-process inventory, finished
goods, and related information.
According to TechTarget, logistics is the
process of planning and executing the efficient
transportation and storage of goods from the
point of origin to the point of consumption.