What Is Logistics - 23868 Words

What is logistics? Logistics means having the right thing, at the right place, at the right time. [pic] Logistics - (business definition) Logistics is defined as a business planning framework for the management of material, service, information and capital flows. It includes the increasingly complex information, communication and control systems required in today s business environment. -- (Logistix Partners Oy, Helsinki, FI, 1996) Logistics - (military definition) The science of planning and carrying out the movement and maintenance of forces.... those aspects of military operations that deal with the design and development, acquisition, storage, movement, distribution, maintenance, evacuation and disposition of material; movement,†¦show more content†¦-- (MDC, LogLink / LogisticsWorld, 1997) Acquisition Logistics - Acquisition Logistics is everything involved in acquiring logistics support equipment and personnel for a new weapons system. The formal definition is the process of systematically identifying, defining, designing, developing, producing, acquiring, delivering, installing, and upgrading logistics support capability requirements through the acquisition process for Air Force systems, subsystems, and equipment. -- (Reference: Air Force Institute of Technology, Graduate School of Acquisition and Logistics.) Integrated Logistics Support (ILS) (1) - ILS is a management function that provides planning, funding, and functioning controls which help to assure that the system meets performance requirements, is developed at a reasonable price, and can be supported throughout its life cycle. -- (Reference: Air Force Institute of Technology, Graduate School of Acquisition and Logistics.) Integrated Logistics Support (ILS) (2) - Encompasses the unified management of the technical logistics elements that plan and develop the support requirements for a system. This can include hardware, software, and the provisioning of training and maintenance resources. -- (Reference: ECRC University of Scranton / Defense Logistics Agency Included with permission from: HUM - The Government Computer Magazine Integrated Logistics DecemberShow MoreRelatedWhat is Reverse Logistics? Essay examples1259 Words   |  6 PagesReverse logistics is defined as the system of moving products or components for their point of consumption(customer end) to point of origin ( Manufacturing end) through channel members for the purpose of recapturing value or disposal. Reverse logistics processes and plans rely heavily on reversing the traditional forward moving supply chain. The area of reverse logistics includes return policy administration, product recall protocols, repairs processing, product repackag ing, parts management, remanufacturingRead MoreWhat Is The Model Of A Log-Logistic Model1515 Words   |  7 Pages\subsection{Further notes from models for patients who completed a home care and those who completed both assessments} \begin{enumerate} \item Due to high computational demands for running the models described in chapter\ref{Chapter5}, only a log-logistic model was fitted for patients who completed a home care assessment. \item Many of the coefficients in the AIC selected model were found to be close to 0 (Figure~\ref{CoeffPlotLogistic}), and hence failed to meet the selection criteria. \item VariablesRead MoreLogistics Supply Chain Essay793 Words   |  4 Pages1. What is logistics, and why is it important in private companies and public organizations? logistics is 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 order to the point of consumption in order to meet customers’ requirements.It is has become important for growing service organizations both private and public to fulfill customer request and utilizing such network toRead MoreGlobal Supply Chain Management And Logistics Management1504 Words   |  7 PagesJaimini Patel 26th April,2016 Global Supply Chain Management means the sourcing and procurement, conversion and all logistics management activities through the planning and management of all activities. It’s also considers the co-ordination and collaboration with channel partners including suppliers, intermediaries, third-party service provides and customers across the world. 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Introduction Logistics management and supply chain management are similar terms in business logistics, but these two terms are not the same (Murphy and Wood 2011, p22). In different decades, scholars made use of their knowledge and experience to define logistics management and supplyRead MoreLogistics Acti vities926 Words   |  4 PagesWhat is logistic? Deal with the management of the flow of goods or materials from point of origin to point of consumption, and in some cases even to the point of disposal. Logistics is not confined to manufacturing operations alone. It is relevant to all enterprises, including government institutions such as hospitals and schools, service organization such as retailers, banks and financial service organizations. Logistics is dependent upon natural, human, financial and information resources forRead MoreCurrent Recession and Globalization: Key Transport and Logistics Challenges and Skills1068 Words   |  5 Pagesbrought with them key transport and logistics challenges. What skills should a transport and logistics graduate have to support these organisations and their activities.† Words: 958 PLAN 1. Introduction 2. What is logistics, how it is changing? 3. Essential skills and comments why they are important 4. Second language geographical knowledge 5. Winanton’s DHL job descriptions and requirements 6. Brief summary of what skills are most important 7. Reference Read MoreBest Practices For Transporters And 3pl Service Provider1036 Words   |  5 Pages3PL Service Provider†, it talks about the advantages and disadvantages of third-party logistics. It also talks about how the industry is growing now and in the future. Third-party logistics primary focus is on global expansion. Expansion in the marketplace that can have a greater impact in a company’s supply chain management function. Most businesses today choose to outsource a portion if not all of its logistics functions to third parties in the hope of achieving operational efficiencies within theRead MoreLogistics Management And Supply Chain Management1171 Words   |  5 PagesLogistics and Supply Chain Management Topic: Do the terms, ‘logistics management’ and ‘supply chain management’ have the same meaning in operations and why logistics management might be of strategic importance to a manufacturing or service organisation. During last two decades, the importance of logistics has been noticed around the world. In global markets, the effects and further developments of logistics and supply chain management for corporate success has increased significantly that result