The Art of Decision-Making: Navigating Complexity and Uncertainty
logistic and management
1. What is logistics &logistics
management?
Logistics(de
fi
nition)
The planning, execution, and control of the movement, placement
of goods and , or people, and the related supporting activities, all
within a system designed to achieve speci
fi
c objectives.
2. Overview of India’s Logistics Sector
India’s logistics are estimated to account for about 14.4% of GDP. More than
22 million people rely on it for their income. The Department of
Commerce's logistics division for India was established on 7th July 2017
and was given the responsibility of the Integrated Development of Logistics
Sector
The improved mobility provided by the web of highways and expressways
is expected to spearhead the change and help in lowering logistics costs to
10% of GDP from the current 16-18%, said Union minister for road transport
and highways Nitin Gadkari, the chief guest at the Mint Mobility conclave.
3. Technology is also changing and facilitating the lowering of
logistics costs. Like at Hazira, Gujarat, new LNG trucks are being
piloted for transportation. I’m about to launch that. We will have
LNG buses as well.
Petrol use will fall as the use of electric vehicles improves, and
this will also reduce cost. My expectation is that in
fi
ve years,
logistics costs that stand at 16-18% of GDP in the country will
come down to around 10%. This is how good our roads are.
4. Logistics Management
Logistics management is that part of supply chain management
that plans, implements, and controls the
ef
fi
cient, effective forward and reverse
fl
ow and storage of
goods, services and related information between the point of
origin and the point of consumption in order to meet customers'
requirements.
5. Main fields within logistics
• Procurement Logistics
• Production Logistics
• Distribution Logistics
• Disposal Logistics
6. ACTIVITIES INVOLVED IN LOGISTICS
MANAGEMENT
• Order processing
• Inventory management
• Material planning
• Warehousing
• Transportation.
10. TYPES OF Logistics Management
• Supply Management and Logistics
• Distribution and Material Movement
• Production Logistics and Management
• Reverse Logistics and Product Return
13. Logistics has gained importance
• Raise in transportation cost.
• Production ef
fi
ciency is reaching a peak
• Fundamental change in inventory
philosophy
• Product line proliferated
• Computer technology
• Reduction in economic regulation
14. Advantages of logistic
Abetter use of the distribution network Costs reduction
Transportation and express delivery Information technology
15. Disadvantages of the logistics
• Coordination
• Multinationals and large companies
• Cost of transport
• Legality
16. Conclusion
• If you wish to trump over your
competitors, you should adapt the latest
technology and innovative approach.
• The aim of effective logistics management
is to improve the ef
fi
ciency of the
operations, ensuring customer satisfaction,
and increase productivity.