Logistics management notes for MBA pdf

[Saksham]

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My sister is pursuing MBA Program. She is searching for notes for Logistics Management subject. She also said me to search for notes. So is there anyone who will help me to download notes for Logistics Management Subject of MBA Program in pdf format?

[sumit]

As you are looking for notes for Logistics Management Subject of MBA Program, so here I am attaching notes here:

MBA - Logistics Management Notes:

ELEMENTS OF LOGISTICS MANAGEMENT
WHAT IS LOGISTICS?
Logistics is concerned with getting the products and services where they are needed and when they are desired. It is difficult to accomplish any marketing or manufacturing without logistical support. It involves the integration of information, transportation, inventory, warehousing, material handling, and packaging. The operating responsibility of logistics is the geographical repositioning of raw materials, work in process, and finished inventories where required at the lowest cost possible.

The formal definition of the word ogistics as per the perception of Council of
Logistics Management is the process of planning, implementing and controlling the efficient, effective flow and storage of goods, services and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements.

Mission of logistics is providing a means by which customer satisfaction is achieved.
Art of moving, lodging and supplying troops, supplies and equipment is logistics.
Concept of logistics has moved into business to move, lodge and supply inputs and outputs

Logistics is practiced for ages since organized activity began. Without logistics support no activity can be performed to meet defined goal. The current challenge is to perform logistics scientifically in order to optimize benefits to the organization. Logistics is a planning function of management. Logistics function is concerned with taking products and services where they are needed and when they are needed.

Logistics ensures that the required inputs [what] to a value adding process are made available, where they are needed, when they are needed and in the quantities [how much] they are needed. It also ensures that the outputs of the value adding process are made available where they are needed when they are needed and in the quantities [how much?] they are needed.

There are many ways of defining logistics but the underlying concept might be defined as follows: Logistics is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory through the organization and its marketing channels in such a way that current and future profitability are maximized through the cost-effective fulfillment of orders.

OVERVIEW OF LOGISTICS FUNCTION
Logistical History of India: India was a maritime power since about 300 BC, trading with several countries of the world bringing prosperity home. Traders of Surat brought riches to the country by extensive maritime trade. Like many of our excellent practices, logistical efficiency also faded away over a period of time. Some important logistical feats in history:

1. Berlin Airlift 1945: A study in logistics. When the city of Berlin was blockaded by Soviets and all supply lines were cut off, Americans planned and executed a major logistics operation to feed the city from air.

2. Indians in the Gulf countries 1991:
1n 1991, when gulf war broke out, Indian Government evacuated thousands of Indians from the gulf countries and brought them home in a massive exercise employing Indian airlines planes.

3. Operation Overlord-1945: Allies‟ invasion of Europe and subsequent victory in II World War.

4. American war of Independence Keeping 12,000 soldiers armed and fed from England was a big task; British lost the American war of independence due to bad logistics.

What causes bad logistics?
a. Infrastructure: Bad roads, inefficient railways, poor communication lines, and congestion in the ports.
b. Taxation: e.g. Octroi
c. Information: Inadequate information
d. Management: Poor management decisions

IMPORTANCE OF LOGISTICS [you may also read Physical distribution
Management: Logistical approach by K.K.Khanna page # 8]
Logistics is the bed rock of trade and business.
Without selling and or buying there can be no trade and business. Buying and or selling takes place only when goods are physically moved into and or away from the market.

Take away logistical support trade and business will collapse

2. Leads to customer satisfaction through superior customer service.
Organizational objectives of P [Productivity],Q [Quality],C [Cost],D [Delivery],E
[Employee Morale],F [Flexibility],S [Safety],H [Health],E [Environment] are set to meet customer expectations of Q,C,D. Q, C, S, H, E are parts of must be quality that a customer expects. Logistics addresses D, F objectives which lead to customer satisfaction through superior customer service.

3. Integrates logistical activities
In conventional management environment, various activities of logistics work in isolation under different management functions. Each pocket trying to sub optimize its objectives at the cost of overall organizational objectives. Purchasing trying to purchase at minimum price at the cost of what is needed by operations. Operations produce large quantities at minimum production cost ignoring demand leading to doom inventory. Logistics function of management brings all such functions under one umbrella pulling down inter departmental barriers.

4. Competitive edge: In the fiercely competitive environment logistics provides the edge. Due to technological revolution most of the products are moving into commodity markets. In a commodity market where price is controlled by competition, where there is no product differentiation in terms of quality parameters like performance & reliability, where brands are almost irrelevant, competitive edge is that of availability of product and service in terms of time, place and quantity.

MBA - Logistics Management Notes: