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Logistics is the process of planning, implementing, and controlling the effective and efficient flow of goods and services from the point of origin to the point of consumption in order to meet some requirements of customers or corporations. The resources managed in logistics can include physical items, such as food, materials, animals, equipment and liquids, as well as abstract items, such as time, information, particles, and energy. The logistics of physical items usually involve the integration of information handling, production, packaging, inventory flow, material transportation, warehousing, and often security.
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Scope and Importance:
Logistics Conference provides the scope for opportunities to learn progressed by academicians. Logistics Conference offers excessive quality content to suit the diverse professional development all over the globe. It is a perfect platform to discuss the current discoveries and developments in the field of Logistics.
Types of Logistics:
Inbound logistics: It is one of the primary processes of logistics, concentrating on purchasing and arranging the inbound movement of materials, parts, and/or finished inventory from suppliers to manufacturing or assembly plants, warehouses, or retail stores.
Outbound logistics: It is the process related to the storage and movement of the final product and the related information flows from the end of the production line to the end user.
Classification of Logistics:
Based on the work performed by logisticians, they are mainly classified into the following types
Procurement logistics: It mainly consists of activities such as market research, requirements planning, make-or-buy decisions, supplier management, ordering, and order controlling.
Production logistics: It connects procurement to distribution logistics. Its main function is to use available production capacities to produce the products needed in distribution logistics.
Distribution logistics: Its main tasks include the delivery of the finished products to the customer. It consists of order processing, warehousing, and transportation.
Disposal logistics: Main function is to reduce logistics cost(s) and enhance service(s) related to the disposal of waste produced during the operation of a business.
Reverse logistics: Concerned with those operations related to the reuse of products and materials. The reverse logistics process includes the management and the sale of surpluses, as well as products being returned to vendors from buyers. More precisely, reverse logistics is the process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal.
Green logistics: It describes all attempts to measure and minimize the ecological impact of logistics activities.
RAM Logistics: It combines both business logistics and military logistics since it is concerned with highly complicated technological systems for which Reliability, Availability and Maintainability are essential, ex: telecommunication systems and military supercomputers.
Emergency logistics: Emergency logistics is a term used by the logistics, supply chain, and manufacturing industries to denote specific time-critical modes of transport used to move goods or objects rapidly in the event of an emergency.
Military Logistics: In military science, maintaining one's supply lines while disrupting those of the enemy is a crucial—some would say the most crucial—element of military strategy, since an armed force without resources and transportation is defenseless.
Business Logistics: One definition of business logistics speaks of "having the right item in the right quantity at the right time at the right place for the right price in the right condition to the right customer".
In the 2015 19th Annual Third Party Logistics Study, survey results showed the continuing, positive overall nature of shipper-3PL relationships. Both parties view themselves as being successful, and shippers are seeing positive results again this year: an average logistics cost reduction of 9%, an average inventory cost reduction of 5% and an average fixed logistics cost reduction of 15%. In addition to seeing cost reductions, shippers said they’ve seen average improvements in their order fill rate and order accuracy. The 2015 3PL Study showed that 73% of those who use logistics services and 77% of 3PL providers are satisfied that they have received open, transparent and effective communication from their partners. A distinct majority—92%—of shippers report that their relationships with 3PLs generally have been successful. Among 3PLs, 98% say their relationships with shippers have been successful.
Relevant Societies and Associations:
List of related Journals:
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This page was last updated on August 14, 2020