Global issues & challenges in logistics management
Logistics management involves planning, executing, and controlling the flow of goods, services, and information from origin to destination. It aims to satisfy customer demands. Key benefits include delivering the right products, in the right condition, to the right places, at the right time. This improves customer satisfaction and increases profits. Major challenges include balancing value, velocity, variability, visibility, and vulnerability within supply chains. Top logistics challenges for 2012 include economic uncertainty, rising fuel and transportation costs, capacity constraints, outdated infrastructure, and security issues. To be effective, logistics managers must consider these challenges and balance competing interests of stakeholders. Globalization magnifies risks, requiring awareness of international challenges and infrastructure needs.
Global issues & challenges in logistics management
- 1. Global Issues & Challenges in Logistics Management PRESENTED BY ABHISHEK ANAND E.V
- 2. What is Logistics Management ? Logistics Management is the process of planning, execution, and controlling of the movement of goods or people and related supporting activities all within a system designed to achieve specific objective. It is also concerned with managing and controlling the flow or supply of goods, information, personal utilities and other resources from one location to destination to meet the demands of the customers or the requirement of one department or the section of the organization.
- 3. Benefits of Logistics Management 1. It helps in making the right quantity of right quality products at the right place and at the right time in right condition. 2. It aims in customer satisfaction by reducing the operation cost and passing on the benefits to the customers. 3. It helps in penetrating new market by increasing market share and increasing profits. 4. It helps in globalization and internationalization.
- 4. Challenges to the Logistics and Supply Chain The challenges to the Logistics and Supply Chain operations in concerned with “THE FIVE V’s” 1) VALUE 2) VELOCITY 3) VARIABILITY 4) VISIBILITY 5) VULNERABILITY
- 5. Top 10 logistics challenges for 2012 by Clifford F. Lynch The economy may be on the mend, but the logistics/supply chain community will still face challenges throughout the year. Here's what to watch for. 1) The Economy 2) The Price of Fuel. 3) Rising Truck Rates 4) Capacity 5) Infrastructure 6) Ocean shipping 7) Security 8) The green movement 9) Increased truck weight limits 10) The election
- 6. Conclusion In order to be an effective and an efficient Logistics manager, he/she must keep in mind the challenges and issues to the Logistics and Supply Chain operations. He/she must have the ability to balance the problem in order to have clear perspective of consumers, firms, government and the public. While the principles of supply chain logistics still apply in a global environment, the challenges are significantly magnified and the risks are increased. As many firms attempt to take advantage of global sourcing and marketing, there is a growing need for awareness regarding the challenges and infrastructure changes.
- 7. Finally….. While the principles of supply chain logistics still apply in a global environment, the challenges are significantly magnified and the risks are increased. As many firms attempt to take advantage of global sourcing and marketing, there is a growing need for awareness regarding the challenges and infrastructure changes.