GLOBAL LOGISTIC GLOBAL LOGISTIC MANAGEMENT MANAGEMENT New Direction in Supply Chain Management Course Outline Course Outline  Lecture 1: Logistics role in the economy and organization  Lecture 2: Financial impact of inventory  Lecture 3: Inventory management  Lecture 4: Customer service and transportation  Lecture 5: Decision strategies in transportation  Lecture 6: Warehousing Course Outline Course Outline  Lecture 7: Global logistics  Lecture 8: Global logistic strategies  Lecture 9: Organizing for effective logistics  Lecture 10: Financial control of global logistics performance  Lecture 11: Measuring and selling the value of global logistics  Lecture 12: The strategic global logistic plan Lecture 1: Logistics role in the Lecture 1: Logistics role in the economy and organization economy and organization  A supply chain is the series of activities and organisations that materials-both tangible and intangible- move through on their journeys from initial suppliers to final customers  Logistics is the function responsible for moving material through their supply chain. Other names of logistics Other names of logistics  Logistics can be called as following names: ◦ Business logistics ◦ Channel management ◦ Distribution ◦ Industrial logistics ◦ Logistical management ◦ Materials management ◦ Physical distribution ◦ Quick-response system ◦ Supply chain management ◦ Supply management Why is Logistics important ? Why is Logistics important ?  Logistics plays a key role in the economy in two significant ways:  First, logistics is one of the major expenditures for businesses  Second, logistics supports the movement and flow of many economic transactions; it is an important activity in facilitating the sale of virtually all goods and services. Cost factor in Logistic Cost factor in Logistic  Cost of raw material  Operational cost  Production cost  Cost of transportation  Cost of warehousing  Marketing cost  Administrative cost Logistics support economic activities Logistics support economic activities  Purchasing activities  Storing activities  Transportation  Production  Marketing activities  Sales activities  Administration activities  Cooperation activities Logistic Activity Logistic Activity Logistics activities include:  transportation  warehousing,  material handling  protective packaging,  inventory control  order processing  marketing, forecasting,  customer service Five rights of Logistics Five rights of Logistics  Right Items which are needed for consumption or production  Right Place  Right Time  Right Condition  Right Cost [...]...What is global logistics ?  Global logistics means logistic activities occur across boundary of one nation Supply Chain Management  The design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer  The development and integration . chain. Other names of logistics Other names of logistics  Logistics can be called as following names: ◦ Business logistics ◦ Channel management ◦ Distribution ◦ Industrial logistics ◦ Logistical. management ◦ Physical distribution ◦ Quick-response system ◦ Supply chain management ◦ Supply management Why is Logistics important ? Why is Logistics important ?  Logistics plays a key role in the. activities and organisations that materials-both tangible and intangible- move through on their journeys from initial suppliers to final customers  Logistics is the function responsible for