“Those in the supply chain in Logistics know the impossible is possible ”
Logistics (general)- The planning of the event in a scheduled manner.
Logistics (ecommerce)- the planning and transporting of the goods to the consumers.
What is Logistics?
It is the pre-planning process of coordinating things from moving from one place to another. In technical terms, it is the way of moving the ordered things from the warehouse to the destination location of the consumer.
Technical definition :
It is the process of planning, implementing and controlling the transportation of goods and services from point to point. It includes a number of sub-disciplines such as supply chain management, material handling, transport engineering, inventory management and information technology.
The important roles that have been implemented in the process are transportation/delivery, storage, packaging, cargo handling, distribution processing, and information processing.
History:
History is a story about people and organizations who have shaped the development of this major industry. It is also a story about the development of communications and information technology, which has enabled it to become a truly global industry.
– The earliest known use of the word ‘logistics’ was in 1776 when it was used to describe “the arrangement or management of an army”.
– In 1887, US Army general Amos A. Fries defined it as “the art and science of moving troops, supplies and equipment from point to point”.
– In 1944, during World War II (WWII), US Army General Dwight D. Eisenhower called for more attention to be paid to military logistics in order for Allied forces to be better prepared for future wars.
The major duty that has been involved in taking control over the supply chain management, and having the flow of work schedule for the sellers and the buyers.
It also helps in maintaining the work model from the raw material to the final product that has been ready for purchase mode.
There are 7 R’s in logistics, which helps you to understand the term in depth. They are,
- Right product.
- Right Quantity.
- Right condition.
- Right place.
- Right time.
- Right customer.
- Right price.
The Elements :
The major elements in handling this are storage, warehouse and material control, packaging and ensuring trust through actions and then it involves inventory management, transport department, and collecting the information and taking control over the process.
Objectives of logistics management:
Here are five main objectives of the logistics management process:
- Manufacturing Costs are minimized.
- The flow of Operations will be efficient.
- Communication is on a better Flow.
- It gives the Competitive Edge.
- Inventory Management betterment is available.
- Solutions to the Logistics Management are given.
How and where the logistics used:
Now let us speak about the essential regions in the logistics for the formation of the business.
- Warehouse (WMS) and transportation Management System.
- It locates the systems that are available in Real-Time.
- Inventory Management System.
- It should have access to the Reverse Logistics.
It is the process of planning and executing the movement of goods from one place to another.
It is a complex process that involves many different types of people, processes, and technologies. It’s an important part of the supply chain because it determines how efficiently goods are delivered to customers. In this article, we’ll explore what it is, why it’s important for businesses, and how to become a professional logistician. It is the management of the processes required to move goods from point A to point B.
Components:
It has many components, such as:
-Transporting the products (the way of transporting the goods from store to consumer)
-Packaging (the type of packaging needed)
-Inventory (the amount of inventory on hand)
-Delivery service (the cost and type of delivery service)
-Transportation insurance (insurance coverage needed for transportation)
-Freight insurance (insurance coverage needed for freight).
4 Types of logistics:-
The four types of logistics are:
- Inbound Logistics
- Outbound Logistics
- Domestic Logistics
- International Logistics
Inbound logistics is the process of delivering goods to their final destination, which may involve storage or further processing. is the process of managing the transportation of goods from suppliers to customers. This type focuses on receiving and storing goods before they are distributed to the end customer.
Outbound logistics is the reverse process – taking goods from their final destination back to where they came from. It helps in managing the transportation of goods from customers to suppliers. This type focuses on delivering a product or service that has been ordered by a customer and then returning it back to its original location or another location specified by that customer.
The three main categories in outbound logistics are:
- Air freight – It involves transporting by airplane
- Ocean freight – It involves transporting by ship
- Ground Transportation – It involves transporting by truck or railcar
Domestic Logistics is what happens within an individual country’s borders, while International Logistics is what happens when goods cross national borders.
Logistics can be further broken down into three components: product management, order fulfillment, and supply chain management (SCM).
Future of logistics
The future of logistics is looking very promising. The industry is undergoing a lot of changes and innovations, which will make it more efficient, cost-effective and environmentally friendly.
In the future, It will be faster, more accurate, and safer than ever before. This is because new technologies are making it possible to track shipments in real time. It will also be cheaper because there will be less waste in the supply chain.
What is Logistics management?
This Management is the process of managing the movement of goods from the point of production to the point of consumption in order to meet customer demand.
It is a key function that companies must consider when developing their supply chain. Its function can be viewed as a link between two points, one being production and the other being consumption.
Logistics management has been an integral part of business for centuries, but it has only been in recent years that it has become more complex and sophisticated due to rapid technological advances.
The public sector in Logistics:
It plays an important part in the functioning of public sector services, such as the military, construction, and disaster relief.
The development of this system is central to the efficient functioning of an organization, be it for a military or for an NGO.
The public sector is an entity that has a responsibility to provide services to the general public. In this sector, there are many logistics that need to be taken care of. It is not just about the physical transportation of goods but also about the management of those goods and their distribution.
The public sector can be divided into two main types: internal and external. Internal are for managing and distributing goods within a single organization or company whereas external is for managing and distributing goods between organizations or companies.
Final Takeaway:
Logistics are booming in today’s technological world, as all the businesses have been going online there is a huge demand for logistics with all the well-equipped technology features like Artificial Intelligence, Machine Learning and Blockchain technologies. You can also refer to the Top logistics companies in India for the logistic that is booming in India, then you can also have a look into our Top logistics companies in Chennai and the Top logistics companies in Mumbai.
Logistics FAQ
What is RCM?
Is Reverse Charge Mechanism, is the process where the consumer proceeds with the payment through google payment instead of the seller.
What is ITC?
It is an Input Tax Credit, where the tax liability option is available for the buyer after the purchase who has the option of tax liabilities when it is sold.
What are the important elements of Logistics?
1. Quality
2. Time
3. Cost
4. Time
What is integrated logistics?
It is a special technology that is linked with traditional logistics, as it controls both the planning and the controlling phases. It helps in monetizing and maintaining production costs and time.
What is logistic regression?
It belongs to the Machine learning model, that is in simple it is the statistical model that helps in determining the outcomes as yes or no with the list in the data set comparisons.
what is reverse logistics?
It is one type that belongs to Supply Chain Management, it manages the upstream moment that is, it manages the process of getting back the goods from the customers and returning them to the manufacturers.
