Logistics Flashcards
Means having the right thing, at the right place, at the right time
Logistics
The procurement,maintenance,
distribution and replacement of personnel and materials
Logistics defined by Webster’s dictionary
The science of planning, organizing and managing activities that provides goods and services
Logistics defined by logistics world, 1997
What are the 7 R’s
Right product
Right quantity
Right condition
Right place
Right time
Right customer
Right cost
Planning, procurement, transportation, supply and maintenance
Logistics functions
Requirements determination, acquisition, distribution and conservation
Logistics processes
Science of planning, design and support of business operation and procurement, purchasing, inventory, warehousing, distribution, transportation, customer support, financial and human resources.
Logistics business
What are the major functions of work
- order processing
- Inventory
- Transportation
- Warehousing, materials handling, and packaging
- Integrated through a network of facilities
Service benefits are created by logistical performance in 3 areas
- Availability
- Operational performance
- Service reliability
Involves having inventory to consistently meet customer material or product requirements.
Availability
Deals with the time required to deliver a customer’s order.
Operational performance
Involves the quality attributes of logistics
Service reliability
Components
Inbound logistics
Internal logistics
Outbound logistics
Transport associated to the supplying of raw materials and finished products.
Operations of flow
Considers production (product) and preparation ( packaged, packing)
Process operations
