Logistics lecture-1 introduction to logistics-1
Download as PPTX, PDF1 like821 views
This document provides an introduction to logistics management. It discusses the origin and meaning of logistics, defining it as the time-related positioning of resources. Logistics ensures the efficient flow of materials and information from the point of origin to consumption. It aims to have the right resources available at the right place and time to meet customer expectations at the lowest possible cost. The scope of logistics covers managing procurement, manufacturing, and delivery to develop competitiveness.
Logistics lecture-1 introduction to logistics-1
- 1. Logistics Management (Part of ORL) BBA (Semester 4) Faculty : Ravi Kumar Singh, International School of management Patna
- 2. Lecture-1 : Introduction to logistics ● Topics to be covered : ○ Origin and meaning of Logistics ○ Definition of Logistics management ○ Features of Logistics ○ Scope of Logistics ○ 6R framework ISM Patna/Logistics_1_Ravi_K_Singh
- 3. Origin of the word “ Logistics” ● French : “logistique “- Art of quartering troops (1846). ● First appeared in a book titled "The Art of War" by Baron Henri, a General in French Army ● English Meaning: “art of moving, quartering, and supplying troops. ● Greek & Latin origin: According to some authors,the word logistic has originated from Greek word ‘logistikos’ and the latin word ‘logisticus’ which means science of computing & calculating. ISM Patna/Logistics_1_Ravi_K_Singh
- 4. Meaning of “logistics” today.. Today it has acquired the wider meaning and plays a vital role in three main contexts: 1. Military context, i.e. supply of troops with food, armaments and troop transportation; 2. Business organizations, i.e. production and distribution in firms; 3. Public organizations, i.e. service management (e.g. garbage collection, mail delivery etc) ISM Patna/Logistics_1_Ravi_K_Singh
- 5. What is logistics management ? According to Prof. H. W. Newman, "Logistics are concerned with having the right resources available at the right place at the right time." From the above, we can say that logistic is the time-related positioning of resources. ISM Patna/Logistics_1_Ravi_K_Singh
- 6. What is Logistics Management? (Cont..) • According to Council of Logistics Management: The process of planning, implementing and controlling the efficient, cost effective flow and storage of raw materials, in-process inventory, finished goods and related information from point of origin to point of consumption for the purpose of conforming the customer’s requirement.
- 7. Features of Logistics: 1. Logistics ensures an uniform and scheduled flow of goods such as raw materials, work-in-process and finished goods. 2. It possesses the ability of meeting customer’s and other stake holder’s expectations. 3. It ensures availability of right product at the right time, at the right place, in the right quantity, at the right price. ISM Patna/Logistics_1_Ravi_K_Singh
- 8. Features of Logistics (cont..): 4. It enables the organisations to provide the best possible customer service at the lowest possible cost. 5. It is an integration of various managerial functions for the optimum usage of resources. 6. It enhances productivity and profitability. ISM Patna/Logistics_1_Ravi_K_Singh
- 9. 1. The scope of logistics covers everything which gives superior value to the customers. 2. Its scope is very much visible from the point of origin to the point of consumption. SCOPE of LOGISTICS ISM
- 10. 3. Logistics is a tool for developing competitiveness. The scope of logistics covers – • Management of material procurement • Manufacturing processes and finally • Delivery of finished goods. SCOPE of LOGISTICS ISM Patna/Logistics_1_Ravi_K_Singh
- 11. 7- R Framework of Customer Satisfaction ISM Patna/Logistics_1_Ravi_K_Singh Customer's Satisfaction Right Cost Right Time Right Relations Right Service Right Place Right Quantity Right Quality