See our User Agreement and Privacy Policy. It is aimed at the need to take into account the whole set of management costs of the main and associated flows in the logistics system. 5. Read this article to learn about the concept, significance and key activities of logistics management of business organisation. Outbound Logistics refers to movement of finished goods from your company to customers. Logistics Management deals with the efficient and effective management of day-to-day activity in producing the company’s finished goods and services. Suite C7 & C8 Last Floor, Choice Plaza, 90/91 Challenge Road Beside Cran Chemist, Challenge Ibadan Oyo State. Coyle, J. J., Langley, C. J., Gibson, C. H., & Novack, R. (2013). Address: 68 Agungi Ajiran Road, Lekki Penninsula II, Lagos Mainland Address: 307 Emthel Mall, 1 Chinda Street Oginigba, Opp West African Glass Industry, by Slaughter, Trans Amadi Port Harcourt. ), Certification Conversations: Everything You Need to Know About SAP Training in Nigeria, How Do You Become a QMS ISO 9001 Lead Auditor? 1. This final research paper must demonstrate an understanding of new learning in logistics management and how the supply chain supports the organization’s business strategy. In accordance with this principle, various models are widely used in the analysis, synthesis and optimization of objects and processes in the logistics system and chains: mathematical, mathematical, graphic, physical, imitative, etc. Packaging facilities the sale of a product. We have a team of writers is well-trained in academic writing. When making purchasing decisions, should a corporation reduce its ethical standards in order to allow the company to compete internationally? Subsequently, the individual levels of logistics, the involved agents, institutions and their key activities will be discussed. Inbound logistics helps in the efficient flow of manufacturing operations, due to on-time delivery of materials, proper utilisation of materials and semi-finished goods in the production process and so on. Customers’ orders are very important in logistics management. Your paper should be formatted according to APA style as outlined in the approved APA style guide, and should cite at least two scholarly sources in addition to the textbook. A distinctive feature of the system approach is the optimization of the functioning of not the individual elements, but the whole system as a whole. Further, the management has to minimize the handling costs and the time involved in material handling. The paper must be eight- to- ten pages (not including the title and reference pages), integrating readings, multi-media and class assignments. Lambert, D. M., & Burduroglu, R. (2000). Supply Chain Management (SCM) acknowledges all of traditional logistics and also includes activities such as marketing, new product development, finance, and customer service”. Obviously, we should agree with the opinion of VI Sergeev, who outlines the following principles of logistics. 3. It is mandatory to include research from the course text, as well as six- to- eight sources from the internet or online library to support your views. This service is more advanced with JavaScript available, Logistics MGT 322 Week 4 DQ 2 Competing Internationally. Assumes the achievement of a coherent, integral participation of all links and elements of the logistics system in the flow control when implementing the objective function. MGT 322 Week 2 Global Strategy An efficient information system is a must for sound logistics management. APPROVEDSCHOLARS – PLACE YOUR ORDER HERE: https://www.approvedscholars.com/place-order/, The Paper is Written from Scratch Specifically for You, JWI 530 Week 1 Discussion | Assignment Help, Comprehensive Assessment essay portion Essay, Quantitative Research Critique and Ethical Considerations (Research Paper Sample), Confidentiality & Authenticity Guaranteed, APPROVEDSCHOLARS Guarantee Timely Delivery of All Papers, Papers Written from Scratch and to Your Instructions, APPROVEDSCHOLARS Allow Direct Contact With Your Writer, Using APPROVEDSCHOLARS.COM Means Keeping Your Personal Information Secure. Identify and research a company with a successful global supply chain management strategy and provide basic background information. According to this principle, all elements of the logistics system are considered as interrelated and interacting to achieve a single management goal. If you wish to opt out, please close your SlideShare account. Discuss the strategies this company utilizes to get their product(s) distributed internationally and how they address risks and meet business demands. Phone: +2348097822508 accounting or law firms) may or may not be able to implement this type of technique. Decision of extent of in-house and external production 4. We use multiple plagiarism scanners to ensure the originality of the work you receive, every time. very nice i like it so much. Avoiding errors in order processing; and so on. Is to ensure the reliability of the functioning and high quality of each link of the logistics system to ensure the overall quality of goods and services delivered to consumers. Design products from the perspective of logistics 3. The concept of Third Party Logistics or 3PL appeared on the scene in the 1980s as the way to reduce costs and improve services which can be defined as below: “3PL or Third Party Logistics refers to the outsourcing of logistics activities, ranging from a specific task, such as trucking or marine cargo transport to broader activities serving the whole supply chain such as inventory management, order processing and consulting.”.