M1S1 (FINALS) Flashcards
- Part of supply chain process that ultimately delivers goods to end-users or consumers.
Distribution Management
- Refers to the process of overseeing the movement of goods from supplier or manufacturer to point of sale.
Distribution Management
- it is concerned with the efficient transfer of goods from the source of supply through the place of manufacture to the point of consumption in a cost-effective way while providing an acceptable service to the customer
Logistics
- Is a diverse and dynamic functions that has to be flexible and has to change according to the various constraints and demand imposed upon with respect to the environment in which it works.
Logistics
7 R’s
Right Item
Right Quantity
Right Time
Right Place
Right Price
Right Condition
Right Customer
Key components of Logistics
Warehousing
Inventory
Transport
Logistics = “___________” + “__________”
Material Management + Distribution
Remember:
Supply and materials management represents the storage and flows into and through the production process; while distribution represents the storage and flows of the final production point through to the customer or end user.
Remember:
It should also be noted that logistics and the supply chain are concerned not only with physical flows and storage from raw material to the final distribution of the finished product but also with information flows and storage.
HISTORICAL PERSPECTIVE:
is the logistics research was focused on how to use mechanization (e.g., pallets and pallet lifts) to improve the very labor intensive processes of material handling and how to take advantage of space using racking and better warehouse design and layout
1940s
HISTORICAL PERSPECTIVE:
this concept was extended to transportation management with the development of intermodal containers together with ships, trains, and trucks to handle these containers.
1950s
HISTORICAL PERSPECTIVE:
The trend had developed in shifting more time dependent freight transportation to truck which led to the need for warehousing, material handling, and freight transportation, which emerged under the label of “Physical Distribution.”
1960s
HISTORICAL PERSPECTIVE:
was an important decade in the development of the distribution concept. One major change was the recognition by some companies of the need to include distribution in the functional management structure of an organization. There was a decline in the power of the manufacturers and suppliers, and a marked increase in that of the major retailers.
1970s
HISTORICAL PERSPECTIVE:
The emergence of personal computers in the early “______” provided tremendously better computer access. It led to developed new large scale optimization algorithms that enabled solution of previously intractable airline scheduling problems. Much of the methodology developed in these centers rapidly began to find its way into commercial technology
1980s
HISTORICAL PERSPECTIVE:
The widespread recognition of the term “supply chain” has come primarily as a result of the globalization of manufacturing since the mid “____”, particularly the growth of manufacturing in China. The focus on globalization accented the need for logistics strategies to deal with complex networks.
1990s
