SALES & DISTRIBUTION Assignment OnTechnology in Logistics Management Rizwan Kazi Roll No. 10AM63803
What is Logistics?Logistics is the . . . “process of planning, implementing, and controlling theefficient, effective flow and storage of goods, services, and relatedinformation from point of origin to point of consumption for the purpose ofconforming to customer requirements.“ Logistics management activities typically include inbound andoutbound transportation management, fleet management, warehousing,materials handling, order fulfillment, logistics network design, inventorymanagement, supply/demand planning, and management of third partylogistics services providers. To varying degrees, the logistics function also includes customerservice, sourcing and procurement, production planning and scheduling,packaging and assembly. Logistics management is part of all levels of planning and execution --strategic, operational and tactical. It is an integrating function, whichcoordinates all logistics activities, as well as integrates logistics activitieswith other functions including marketing, sales manufacturing, finance, andinformation technology.TYPES OF LOGISTICS1. Business Logistics- It is the part of the supply chain process that plans,implements and controls the efficient flow and storage of goods andservices from point of origin to point of use or consumption.Military Logistics- The design and integration of all aspects of support for
the operational capability of the military forces and their equipments toensure readiness, reliability, and efficiency2. Event Logistics- The network of activities, facilities and personnelrequired to organize, schedule and deploy the resources for an event totake place.3. Service Logistics-The acquisition, Scheduling, and management of thefacilities personnel and material to support and sustain a service operationor business.4. Logistics ManagementLogistics management is a process of planning, executing, and controllingthe efficient, effective, flow and storage of goods and services, and relatedinformation from point of origin to point of consumption for the purpose ofconforming to customer requirement.Objectives of Logistics Management1. To make available the right quantity of right quality products at the rightplace and time in right condition2. To offer best service to consumers.3. To reduce the cost of operations.4. To maintain transparency in operations.Logistics Functions 1. Purchasing / Procurement 2. Inventory Control 3. Warehousing 4. Materials Handling 5. Facility Location / Network Design 6. Transportation 7. Customer Service 8. Order Processing /Products are ordered 9. packaged
10. Other Functions - Breaking Bulks - Accumulating Bulk - Creating Assortments - Transaction Efficiency - Credit Facilities - Risk TakingA List of Approaches in Logistics Management 1. Just in Time Inventory 2. Vendor Managed Inventory 3. Quick Response 4. Collaborative Planning, 5. Forecasting 6. Replenishment 7. Outsourcing / 3PLs 8. Cross-docking / Flow 9. Through CentersChallenges for Indian Logistics Companies 1. Competition from Indian and Foreign logistics companies. 2. Technology to keep pace with demand for real time information 3. Corporatization and lack of skill sets. 4. Shedding local mindset and move to a global mindset. 5. Integration of services and value added services 6. Funds to fuel expansion & growth.
7. Inadequate infrastructure and complex tax laws.Technology in Logistics Management"The real thing is the tracking of products and visibility," Where thetechnology comes in today is in tracking the product from shipment fromthe factory to which truck its on and where that truck is.Companies are starting to value anything that gives you better visibility toget better data to manage the business, "The trend is moving more towardinsight and fact-based visibility" in distribution management technology,which gives manufacturers control over as much of the supply chain aspossible.This includes satellite tracking, which now plays a large part in distributionlogistics, supplanting old methods that estimated when trucks would leaveand arrive., Trucks can now be equipped with a satellite-connectedtransporter with precise tracking capabilities that enables a truck to drop itscargo at a store within a 30-minute (or even smaller) window.