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Exam (elaborations) TRL2604 - Integrated Logistics (TRL2604)
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Exam (elaborations) TRL2604 - Integrated Logistics (TRL2604)EXAM PACK MAYJUNE 2022
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TRL2604EXAM PACK
MAY\JUNE 2022
QUESTION 1
1. Define Logistics. (5 marks)
Logistics refers to a process of planning, implementing and controlling procedures for
efficient and effective transportation and storage of goods, services and related
information from point of origin to point of consumption for the purpose of conforming
to customer requirements.
Definition includes inbound and outbound, external movements CSCMP (2010). It
entails the work required to move and position inventory throughout a supply chain.
Therefore, logistics is the process that creates value by timing and positioning
inventory and it is the combination of a firm’s order management and information and
inventory as well as transportation, warehousing - materials handling and packaging.
In short, logistics is the work required to move and geographically position inventory
throughout supply chain.
Thus, logistics is a subset of and occurs within the broader framework of a supply
chain.
1.2 Compare and contrast logistics management with supply chain
management. (10 marks)
Contrasting
Logistics management emanates from logistics which is the process that creates value
by timing and positioning inventory and it is the combination of a firm’s, while Supply
chain management emanates from supply chain which relates to alignment of firms
, bringing products/services to the market”, and consists of key business processes
(from original supplier to end-user) that provide products/services/information which
add value for customers and stakeholders.
Therefore, supply chain management can be understood as firms collaborating to
leverage strategic positioning & improve operating efficiency. Supply chain
management is an integrating function with primary responsibility for linking major
business functions and business processes within and across companies into a
cohesive and high-performing business model. It includes all of the logistics
management activities noted above, as well as manufacturing operations, and it drives
coordination of processes and activities with and across marketing, sales, product
design, finance, and information technology.
Logistics management on the other hand is that part of supply chain management that
plans, implements, and controls the efficient, effective forward and reverse flow and
storage of goods, services and related information between the point of origin and the
point of consumption in order to meet customers’ requirements.
Logistics management, and more specifically the integrative perspective of supply
chain management, provides the means whereby the needs of the customers are
satisfied through the coordination of materials and information flow from origin to
destination.
Logistics management activities typically include inbound and outbound transportation
management, fleet management, warehousing, materials handling, order fulfilment,
logistics network design, inventory management, supply/demand planning, and
management of third-party logistics services providers.
Supply chain management on another hand is a broader, and it encompasses the
planning and management of all activities involved in sourcing and procurement,
conversion, and all logistics management activities.
Traditionally, each of the logistics elements, such as transport, inventory management,
procurement and warehousing (on both inbound and outbound sides of the supply
chain) were optimised in isolation. Supply chain management integrates those
individual elements and provides a complete picture, in which the focus is on total
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