What Are The Objectives Of Logistics Management?

There are five main objectives of the logistics management process:

  • Minimize Manufacturing Costs.
  • Efficient Flow of Operations.
  • Better Communication Flow.
  • Provides Competitive Edge.
  • Better Inventory Management.
  • Logistics Management Solution.

What are the 3 main logistics objectives?

These are inbound logistics, outbound logistics, and reverse logistics. The information about these three supply chain directions is essential to know, especially to people inclined in the logistics industry in the Philippines.

What is logistics objective of logistics?

Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of consumption. The goal of logistics is to meet customer requirements in a timely, cost-effective manner.

What are the basic objectives of logistics strategy?

The primary objective of any logistics strategy is to deliver the right products to the right customers at the right time and at the least possible cost.

What are the 7 R’s of logistics?

The 7 Rs’ of Logistics Services in India

  • Right Product. Logistics services in India should have complete information about the kind of product they are going to ship.
  • Right Customer. Every logistics service provider in India must know its target audience.
  • Right Quantity.
  • Right Condition.
  • Right Place.
  • Right Time.
  • Right Cost.
You might be interested:  Often asked: How Much Logistics & Transportation Lawyers Make?

What are the objectives of logistics performance measurement?

The objective is to identify, based on available literature, methods and techniques which can be used to measure the performance of logistics. Logistics management is essentially a task of balancing between minimizing cost and ensuring availability objectives. Availability can be seen as the output of logistics system.

What are the 5 performance objectives?

The key to having good all-round performance is five performance objectives: quality, speed, dependability, flexibility and cost.

How do you write objectives?

Here are some tips to help you get started:

  1. Identify the Level of Knowledge Necessary to Achieve Your Objective. Before you begin writing objectives, stop and think about what type of change you want your training to make.
  2. Select an Action Verb.
  3. Create Your Very Own Objective.
  4. Check Your Objective.
  5. Repeat, Repeat, Repeat.

What are the main objectives of supply chain management?

The broad objectives of Supply Chain Management are to create value, build a competitive infrastructure, leverage worldwide logistics, synchronise supply with demand and measure performance.

How do the objectives of supply chain management differ from the objective of logistics management how are they related?

Another difference between Logistics and Supply Chain Management is that the objective of Logistics Management is customer satisfaction while Supply Chain Management emphasizes more on competitive advantage. Whereas Logistics Management is associated with only maintenance and storage of goods.

What are the 4 areas of logistics management?

There are four main types of logistics management, each emphasizing a different aspect of the supply process.

  • Supply Management and Logistics.
  • Distribution and Material Movement.
  • Production Logistics and Management.
  • Reverse Logistics and Product Return.
You might be interested:  FAQ: What To Know About Interviewing For Job In Logistics?

What are the three types of logistics?

Types of Logistics

  • Logistics Fields.
  • Procurement Logistics: Procuring Raw Materials and Parts.
  • Production Logistics: Materials Management, Distribution in Factories, Product Management, Shipping.
  • Sales Logistics: Delivery from Warehouse to Wholesalers, Retailers, and Consumers.

What are the 5 Rs in logistics?

The 5 R’s of Supply Chain Management

  • The Right Place.
  • The Right Time.
  • The Right Quantity.
  • The Right Quality.
  • The Right Price.

Leave a Reply

Your email address will not be published. Required fields are marked *