logistic in business & 3 C's
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Logistics management involves ensuring the right materials are in the right place at the right time. Key objectives of logistics management include customer satisfaction, understanding customer needs, managing uncertainty, responding to globalization, effective information flow, and reducing costs. Logistics is a rapidly growing field with careers in areas like inventory control, warehousing, transportation, consulting, and customer service. Effective logistics requires planning locations, staffing, transportation, order fulfillment, inventory management, and supply chain coordination.
logistic in business & 3 C's
- 1. LOGISTICS IN BUSINESS ORGANIZATIONS Right material at right place at all the time The act of supervising or managing this (Right material at right place at all the time in good condition) far-reaching activity is generally known as “Logistics Management” & the people who works in this industry are generally referred as “Logistic managers or Distribution managers.”
- 2. Objectives 1. Customers satisfaction ( with product/service availability) 2. Understanding the customers (understand the needs & the req. of customers, more imp to understand time, place n atmosphere) 3. Managing the uncertainty ( need to join hands with suppliers n customers) 4. Responding to Globalization( IT spreads Globalization) 5. Information flow( Keeping right data & decisions to every person) 6. Cost reduction & improving profits( leads to progressive org’n)
- 3. Logistics Careers: Logistics is rapidly growing, leading edge field that is expected to continue growing even more in future. at the time of plan business strategies, logistics is a major part of the planning process. Many organization have a top level position for this function. The job structure of Logistics Head: A logistics pipeline begins with supplier & ends with customers All logistics carriers relate to transportation, because they all relate to a moving goods. A typical career path in LM may be a “zig-zag” of cross training & experience in several of these fields, rather than a straight line progressing in any one directon.
- 4. Following is the list of job titles for logistics careers are:- Inventory control Warehousing Administrative Administrative analyst/planner Customer service Consultant Transportation
- 5. Areas of Logistics Strategy:- • Vision/Mission Development •Transportation •Vendor Development •Logistics system •Competitors •Human Resources •Network Design for information flow •Supply chain •Information •Options Analysis •Strategy Review •Communications
- 6. Aspects of Logistic management : Location Staff & service Taxation Faster development of new products Efficient development of suppliers Packaging Transportation Order fulfillment Inventory Customer management
- 7. Logistics Planning:- Performance measures & goals Processes System requirement Org’n req. for customers service Inventory planning & management Supply Transportation & Distribution
- 8. 3C’s :- Change Customers Competition What they want?? When they want?? At what place they want the delivery? When he will pay? He has a wisher Technological advancement & advt. Technological change promots innovation