A test on logistics management is:
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A multiple choice test
Open question test
10 questions test
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Definition of logistics
6R
Components of logistics service
Costs of logistics
Examples of AMT
Advantages and disadvantages of means of transport
Means of in-house transport
Storage systems
Warehouse functions
Warehouse kinds
Aims and tasks of procurement logistics
Procurement concepts
JIT
Workstations types
BOM
Forecasting methods
Order Point system
Distribution Activities
Distribution structures
Hub and Spoke system
KPIs in procurement
KPIs in warehousing
KPIs in logistics
Lectures summary:
LOGISTICS
Defined
Planning implementing and controlling the physical flow of material and finished goods from point of
origin to point of use to meet customer`s need at a profit
By “Philip Kotler”
It is essentially a planning process and an information activity
So A integrative process that optimizes the flow of material and supplies through the organization
and its operations to the customer
The word logistic has originated from Greek word ‘Logistikos’ and the Latin word ‘Logisticus’ which
means science of computing & calculating
In ancient times it was used more in connection with moving armies, the supplies of food &
armaments to the war front.
During World War II logistics gained importance in army operations covering the movement of
supplies , men & equipment across the border
Today
It has acquired the wider meaning and is used in the business for the movement of material from
suppliers to the manufacturer and finally the finished goods to the consumers
It is of critical importance to the organization how it delivers products & services to the customer ,
whether the product is tangible or intangible.
Effective & efficient Physical movement of the tangible product will speak of intangible services
associated with the product and the organization which is delivering it.
In Case of intangible product , the delivery of tangibles at the right place & right time will speak
about its quality.
On the macro level infrastructure such as Various modes of transport , transportation equip.,
storage facilities, connectivity & information processing are contributing to a larg3e extent in the
physical movement of goods produced in manufacturing , mining & agriculture Sectors.
The hub-and-spoke distribution paradigm (or model or network) is a system of connections
arranged like a chariot wheel, in which all traffic moves along spokes connected to the hub at the
center. The model is commonly used in industry, in particular in transport, telecommunications and
freight, as well as in distributed computing.
ATTENTION!!!
The material provided is basic and does not include lecturers comments and explanations. Take up
some self-reading and learning!!