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Introduction To Logistics Assignment Answers

The document provides details about a student named J D E B K Appuhamy with ID number 18123 pursuing a Degree in Logistics and Operations Management. It contains the student's answers to 3 questions. The first question defines supply chain management and key concepts. The second question defines logistics. The third question lists 7 key aspects of logistics management: customer service, demand forecasting, inventory management, material handling, warehouse management, procurement, and facility location.

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76 views5 pages

Introduction To Logistics Assignment Answers

The document provides details about a student named J D E B K Appuhamy with ID number 18123 pursuing a Degree in Logistics and Operations Management. It contains the student's answers to 3 questions. The first question defines supply chain management and key concepts. The second question defines logistics. The third question lists 7 key aspects of logistics management: customer service, demand forecasting, inventory management, material handling, warehouse management, procurement, and facility location.

Uploaded by

lulu luvely
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Name – J D E B K Appuhamy

ID – 18123

Degree – Logistics and Operations Management B2 19.2

Word Count - 643


Answers

01) Supply chain can be defined as the connection of individuals, organizations, resources,
activities and technology involved in the process of manufacture and sale of a product or
service. Supply chain starts with the delivery of raw materials which are needed for the
production process and ends with the delivery of finished good or service to the customer.

Supply chain management can be defined as the active management of supply chain
activities to maximize customer value and achieve a sustainable competitive advantage.
Mainly it focuses on running the firm’s supply chains in the most efficient and effective
ways as possible. The activities in the supply chain covers everything from product
development, sourcing, production, and logistics as well as the information needed to
coordinate above mentioned activities.

3 Of the concepts of supply chain management is mentioned below as follows,

1. A supply chain is the alignment of firms that bring products


or services to market. (Lambert, 1998)

2. A supply chain consists of all stages involved, directly or indirectly, in fulfilling a


customer request. The supply chain not only includes the manufacturer and suppliers, but
also transporters, warehouses, retailers, and customers themselves. (Chopra Sunil, 2001)

3. The systemic, strategic coordination of the traditional business functions and the tactics
across these business functions within a particular company and across businesses within
the supply chain, for the purposes of improving the long-term performance of the
individual companies and the supply chain as a whole. (Mentzer, 2001)
Above figure illustrates about the linear flow of supply chain the material flow is only
one way.

This above figure represents the supply chain as a web or network of participants and
resources.
02) Logistics is that part of the supply chain process that plans, implements, and controls the
efficient, effective forward and reverse flow and storage of goods, services, and related
information between the point of origin and the point of consumption in order to meet
customers’ requirements.”(www.cscmp.org)

 This above definition explains that logistics is the process of overall efficient
management of how resources are acquired, stored, and transported to their final
destination, This process involves identification of potential distributors and
suppliers and determining their effectiveness and accessibility.

 In simple form the goal of logistics management is to have the right amount of
resources or inputs which are needed to carry out the production process at the
right time by delivering it to the intended location and to the correct customer in
proper condition without any compromises.

03) I. Customer Service – This involves getting the right product to the specified customer at
the right place, in the right condition in the pre determined time with the lowest total cost
as possible.
II. Demand Forecasting – Estimation of the product demand of a firm in to the future
market, and taking the relevant measures to remain in that range.

III. Inventory Management – Managing of the stock of goods that are held by a firm for
different purposes such as, resale, to use in the manufacturing process or the assembling
process by considering the costs.

IV. Material Handling – Movement of all raw materials, work in progress or finished goods
within a plant or warehouse, the end result is to minimize the cost in the process of moving.

V. Warehouse Management – Analyzing or managing of the place where inventories are


stored for a particular period of time by controlling the day to day operations.

VI. Procurement – Obtaining of raw materials from outside the organization which are
needed to carry out the production process of a firm.

VI. Facility Location – Determining of the correct location of warehousing and production
facilities which is important for an organization.

VII. Transportation – Physical movement of goods or people from one place to another.
Transportation involves selection of mode (e.g: air,rail,water etc..) and adhering to the
regulations in the country where the process is occurring.

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