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Logistics Management Defined Components of Logistics Management Relationship of LogisticsActivities to Logistics Costs Customer service levels Transportation costs Warehousing costs Order processing/information systems costs Lot quantity costs Inventory carrying costs Key Logistics Activities Customer service Demand forecasting Inventory management Logistics communications Material handling Order processing Packaging Strategic Profit Model Future Challenges and Areas for Performance Improvement Supply Chain Management Strategic Planning Total Quality Management Just-in-Time Quick Response Efficient Consumer Response Logistics as a Competitive Weapon Future Challenges and Areas for Performance Improvement (cont.) Accounting for logistics costs Logistics as a boundary-spanning activity Global logistics Increasing skill requirements Logistics information systems Strategic alliances, partnerships, and outsourcing Green marketing and reverse logistics Copyright ? 2001 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 1-* JAMES R. STOCK ? DOUGLAS M. LAMBERT STRATEGIC LOGISTICS MANAGEMENT FOURTH EDITION CHAPTER 1 Logistics’ Role in the Economy and the Organization That part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point-of-origin to the point-of-consumption in order to meet customers’ requirements. Council of Logistics Management Copyright ? 2001 by The McGraw-Hill Companies, Inc. All rights reserved. Management actions Planning Implementation Control Raw materials In-process inventory Finished goods Natural resources Human resources Financial resources Information resources Time and place utility Efficient movement to customer Proprietary asset Competitive advantage Logistics management Suppliers Customers Inputs into logistics Outputs of logistics Customer servic
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