100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
TRL2604 -INTEGRATED LOGISTICS SUMMARY NOTES. R60,32   Add to cart

Summary

TRL2604 -INTEGRATED LOGISTICS SUMMARY NOTES.

 15 views  0 purchase

TRL2604 -INTEGRATED LOGISTICS SUMMARY NOTES. Unit 1 – Basic Concepts & Goal of Logistics Logistics & the Supply Chain SU 1 pg. 2; par. 1.2 & TB Ch. 1 pg.4,7 Supply chain management [SCM] definitions:  Consists of multiple firms collaborating to leverage strategic positioning & improve oper...

[Show more]

Preview 2 out of 12  pages

  • November 7, 2022
  • 12
  • 2022/2023
  • Summary
  • trl2604 summary notes
All documents for this subject (14)
avatar-seller
Tutorexpert01
TRL 2604
INTEGRATED LOGISTICS
Unit 1 – Basic Concepts & Goal of Logistics
Logistics & the Supply Chain SU 1 pg. 2; par. 1.2 & TB Ch. 1 pg.4,7
Supply chain management [SCM] definitions:
 Consists of multiple firms collaborating to leverage strategic positioning & improve
operating efficiency.
 Encompasses planning & management of all activities involved in sourcing &
procurement, conversion, all logistics management activities.
 Includes coordination & collaboration with channel partners (i.e. suppliers /
intermediaries/third party service providers/customers).
 Integrates supply & demand management within & across companies.


Supply Chain:
 Is the alignment of firms that bring products/services to the market.
 Consists of the key business processes (from original supplier to end-user) that
provide products/services/information which add value for customers &
stakeholders.


Logistics:
 Process of planning, implementing & controlling procedures for efficient & effective
transportation and storage of goods, services & information from point of origin to
point of consumption for the purpose of conforming to customer requirements.
 The work required to move & position inventory within the broader framework of
supply chain.
 Definition includes in-, outbound, in- & external movements
Logistics is the process that creates value by timing and positioning inventory and it is the
combination of a firm’s
- order management - transportation - Inventory
- warehousing - materials handling - packaging

,  Logistics is concerned with satisfying customer expectations by ensuring that the
required quantity of product or services are available at the place & time required at
the lowest total cost.
Integrated Logistics:
 Serves to link & synchronize overall supply chain as continuous process & is essential
for effective supply chain connectivity.
 Integrating activities to achieve particular level of customer service at lowest total
cost.
Integration management = create value

Economic Value Market Value Relevancy Value
 Builds on economy  Presenting attractive  Involves
of scale in assortment of customization of
operations as source products @ the right value adding
of efficiency. time & place. services.
 Seeks to fully utilize  Focuses on achieving  Means the right
fixed assets to economy of scope in products & services,
achieve the lowest product & service @ the right place.
total landed cost. presentation.  Transforming
 Its efficiency is  Customer take-away ingredients into
quality product & = convenient ready-to-eat meals /
Service creation. product & service fashionable apparel.
 Customer take-away assortment &  Customer take-away
= high quality at low choice. = unique
price. product/services
bundle.


Logistics SU 1 pg. 2; par. 1.3 & TB Ch. 1 pg.28-29
 Is about satisfying customer expectations/adds value by ensuring required quantity
of a particular product (raw materials/ semi-finished/finished products) is available at
place and time required at the lowest total cost.
 It involves a number of processes/activities that cut across various functional
departments and even other participants in the supply chain.
Goal of logistics: - service & cost
- to support procurement
- manufacturing
- customer accommodation
Renaissance: Because logistics is both old & new, the term characterizes the rapid change
taking place in best practice.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutorexpert01. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R60,32. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79223 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R60,32
  • (0)
  Buy now