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Date Submitted: 01/22/2013 10:21 AM
ics vs. Supply Chain
Logistics Assignment
a) What is Logistics and what is its scope?
❖ “Logistics is defined as the process of planning, implementing, and controlling the efficient, cost effective flow and storage of raw materials, in-process inventory, finished goods, and related information flow from point-of-origin to point-of-consumption for the purpose of conforming requirements.” (Journal: Supply Chain Management: More than a New Name for Logistics; Author: Martha Cooper, Douglas Lambert and Janus Pagh)
❖ “Logistics is described as the science of the efficient flow of materials. It is generic terms for all the activities which together ensure that materials and product are at the right place at the right time, that is, to create place and time utility.” (Book: Jonsson P., (2008), “Logistics and Supply Chain Management”. New York: McGraw Hill. pp. 3.)
❖ “Logistics is the art and science of obtaining, producing, and distributing material and product in the proper place and in proper quantities.” (Association for Operations Management) (Book: Jacobs R.; Chase R.B., (2011), “Operations and Supply Chain Management: Global Cases and Alternative Problems”, 13th Edition. New York: McGraw Hill. pp. 434.)
❖ Logistics also includes Procurement Logistics (consists of activities such as market research, requirements planning, make or buy decisions, supplier management, ordering, and order controlling), Production Logistics (connects procurement to distribution logistics), Distribution Logistics (main tasks is to deliver the finished products to the customer), After sales Logistics, Disposal Logistics (Logistics' main function is to reduce logistics cost(s), enhance service(s), related to the disposal of waste produced during the operation of a business), and Reverse Logistics (includes the management and the sale of surplus as well as returned items of products.) (Internet Page: Wikipedia.com)
b) What is Supply Chain and what is its scope?...