What is Logistic Management and its Objectives? Logistics means having the right thing, at the right place. at the right time. In business, logistics is defined as a business planning framework for the management of material, service, information and capital flows. It Includes the Increasingly complex Information, communication and control system required In todays business environment. (Loglstlx Partners oy, Helsinki, F’, 1990). bjectives of Logistics Management is to make available the right quantity of right quality products at the right place and time in right condition, to offer best service to consumers, to educe the cost of operations and to maintain transparency in operations. It is the part of the supply chain process that plans implements and controls the efficient flow and storage of goods and services from point of origin to point of use or consumption.
Logistic management Is a process/sclence of planning, executing and controlling the efficient, effecuve, flow and storage of goods and services, and related intormation trom point ot origin to point ot consumption tor the purpose ot conforming to customer requirement.
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2 Logistic Management is creating “value-adding networks” can you explain this? It is understood now that an organization’s competitive success could only come through either cost leadership or offering differentiated product and services.
Logistic Management can provide both benefits simultaneously through its value chain actlvltles which can be categorized Into different types – the In-bound loglsucs operations and out-bound logistics, thus support the personnel (HR), finance, IT and management information system. Logistics Is a channel of the supply chain which adds the value of time and place utility. Today the complexity of production logistics an be modeled. analyzed. visualized and optimized by plant simulation software The advanced technology that surrounds the environment need to be maximized. 3.
Loglstlcs as with other areas In business Is one of the most challenging. can you explain how these challenges affect business in the Philippines: a, Competition Nowadays, the succes of any company depends entirely on the quality of its fulfillment and the level of customer satisfaction. In this regard, the logisctics management Is Important to attain success for the company. It is critical Importance or the organization to transport products and services to the customers satisfaction. As the company Is faced with diverse reality, the test of an organization capabllltles and strength is at hand.
Logistics management plays an important part in guiding the path of companies success/operations. Globalization The entire world has become a global village because of liberalization of econmics ‘ Of2 beyond the national boundaries where there is opportunity. In this conditions logistics will provide time and place time and place utility of the product to the customer. Face with the vast and complex environment of business there is a significant impact of integration in the operations for logistics, human resource, manufacturing, marketing, sales and other system to be globally competitive.
Logistic management is crucial in the company’s operation confronted with the modern scene continually progress and change. What contribute to the growth of domestic and international operation of business is the scope of logistics, the speed and reliability in the circulation of products and services. In a world of trade/business, the country, ts dealing and commerce need be addressed with certainty in order to survive and compete with the global trade of operation. c.
Price As logisctics management provides planning, funding, and functioning it helps assure that the system meets performance requirements, thus developed a reasonable price and can support throughout the operations. Thus, distribution of goods and services at the right place on time and at the lowest cost needs logistical support. It operate an important role in the value delivery to meet the superior customer service. A demanding aspect of business operations as competition for the lowest price of products or services without sacrificing its quality/quantity in order to satisfy its clients/customers.
There is a dilemma for the operations when the pricing is at stake as it creates chain reaction to the sphere of industry operations. d. Customer The objective is to meet the requirements of consumers by providing the products and services. In order to meet the costumers satisfaction the management need to convery the flow of goods, information and other resouces effectively and efficiently. In line with company’s goal of meeting customers’ satisfaction, a lot of business in the country still far from reaching such fulfillment due to diverse factors i. e. conomic stability, competitiveness, unforeseen events, political standing and more. 4. In your organization what do you think is your competitive advantages over other competitors? Logistic management is a unique and breathtaking concept that our organization constantly adopting to provide an effective and efficient delivery of services. We have competent/professional logisctics management that plans, mplements, and controls the efficient, effective, forward, and reverse the flow of services and related information in order to satisfy our clients/customers.
Progressively advancing in various field of management in order to provide solutions in shorter time is what the management adhere to achieve. The benefits would be accomplish in terms of transparency, satisfaction for the customers as well as the employees, and with improve performance of the system revenue profit is visible. The stakeholders, management, and the staff frequently update its condition in order to keep up with the environment in its operations.