Logistics means movement of cargo from point of origin to point of destination. Stanford supply chain forum call it distribution or logistics or supply chain management. Lean supply chain and logistics management paul myerson. The automotive supply chain is a large, complex operation that requires sophisticated management techniques, substantial information technology expertise, and close coordination. Logistics is the concept which seeks provide for the management and coordination of the activities within the supply chain from sourcing and acquisition. Lecture notes logistics and supply chain management. Covers entire range of operations concerned with product. The analytics engine called supply chain inspector.
How logistics can help improve efficiency and reduce costs. A logistics perspective 10th edition by robert novack et al at over 30 bookstores. Logistics and supply chain management 1 logistics and supply chain management 2 status nonaccredited short learning programme assessment and award 2 assignments per subject no examinations upon completion of this course, students will be awarded an oxbridge academy short course certificate. Practically all areas of the logistics spectrum are represented in the society. The documented benchmarks for success and the many examples help explicate the complexities for the reader. Applications for evolving business explores the creation of integrated supply chains, the developments of virtual business, and the processes of re. Provide an opportunity for comprehensive analysis and discussion of key. By whatever name it is the sinuous, gritty, and cumbersome process by. It provides guidance on important topics, including agile supply chains, it, sustainability and performance management, collaboration, outsourcing and humanitarian logistics. It begins by a discussion on fundamentals and explains the relevant terms. Supply chain management is primarily concerned with the efficient integration of suppliers, factories, warehouses and stores so that merchandise is produced. Supply chain movement spreading european supply chain.
How supply chain and logistics are fundamental to success. An area of management that has been observed to absorb more than 30% of the sales dollar for some firms, that is an essential element in meeting customer goals, and that can. Chapter 14 supply chain management flashcards quizlet. Find materials for this course in the pages linked along the left. Logistics operations have alw ays been accompanying life in. Supply chain management objective maximise the overall value generated is the difference between what the final product is worth to the customer and the effort the supply chains expends in.
Principles and practices in relation to the movement of goods. Issues in supply chain strategy pdf courtesy of don rosenfield. Dimanex, a dutch startup based in utrecht that makes 3d printing easy for supply chain teams, launched supply chain inspector in midnovember. Contemporary issues in supply chain management and. Coyle, professor emeritus of logistics and supply chain management, department of supply chain and information systems, smeal college of business, pennsylvania state university the book is a mustread for all supply chain managers seeking to drive down costs and improve profits and must be read before any investment is pdf.
As the global economy moved into the 21st century, logistics became a critical part of supply chain management and. Logistics origin, sources and periods of development. Supply chain management can be defined as the management of relationships with all stakeholders, to deliver superior customer value at less cost to the supply chain as a whole. Efficiency in the supply chain value chainza supply chain is not the same as a value chain za value chain is a management concept zeach link in the chain must create some value to the product zif a. The first thematic block published papers that analyze trends in area of supply chain management from holistic point of view, network development, trust between supply chain members, ecology, to social. Supply chain management has emerged as the new key to productivity and competitiveness of manufacturing and service enterprises. Supply chain management problems supply chain management scm is the process of planning, implementing, and controlling the operations of the supply chain as efficiently as possible. Supply chain management and logistics, 71114, page 3 of 4 and the influence of transportation on plant and warehouse locations scml3. Marketing notes logistics management and marketing mba.
This page will share very important information, news and new developments in the supply chain management profession. Now the emerging view of the new century is that supply chain management can both drive. Movement of goods institute of supply chain management. Supply chain management 2 supply chain management advantages in this era of globalization where companies compete to provide the best quality products to the customers and satisfy all their. In this paper an introduction to the principles and methods used in logistics and supply chain management is presented. Develop an understanding of the role of logistics in a marketoriented society. The objective is to plan and coordinate all the activities necessary to achieve desired level of delivered service and quality at. A logistics perspective refined its focus on the supply chain approach by blending logistics theory with practical applications and includes updated. I have become a real fan of supply chain and logistics management made easy. Supply chain management deals with the management of materials, information, and financial flows in a network consisting of suppliers, manufacturers, distributors, and customers. Chandrasekaran, supply chain management, oxford university press, 2010 satish k. Certainly, nothing in life is easy, but paul myersons new. Supply chain management is primarily concerned with the efficient integration of suppliers, factories, warehouses and stores so that merchandise is produced and distributed in the right quantities, to the right locations and at the right time, and so as to minimize total system cost subject to satisfying. Logistics and supply chain management linkedin slideshare.