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Objective:
Logistics management is a prominent area in present scenario among the organization. So we tried to the study the logistics management from various cases and literature surveys, as well as the study of its impact on whole supply chain process. We will also try to bring out the impact of reverse logistics and forward logistics on some of the industry.
What is LOGISTIC ?
Those activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible price.
Logistic management
Logistics management is defined by the Council of Logistics Management (CLM) as: The process of planning, implementing and controlling the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption for the purpose of conforming to customer requirements.
The practice of organizing the cost-effective flow of raw materials, in-process inventory, finished goods, and related information from point of origin to point of consumption to satisfy customer requirements.
Logistics must therefore be seen as the link between the marketplace and the operating activity of the business.
The scope of the logistics spans from the management of raw materials through to the delivery of the final product.
Logistic Integration
Forward Logistic
Embraces all activities which objective is to assure the delivery of raw materials, halffinished products, equipments at the requested date and quantities and at the best cost.
Reverse Logistic
Reverse Logistics include return of merchandise or goods in case of damage, restock, salvage, recall of products or excess inventory. Based on industry, mechanism and significance of reverse logistics differ.
Conclusion
It has been seen from various literature survey, that logistics management has very important role in supply chain management. every industry deploys an efficient logistic management to gain its competitive strategy and to survive in competitive scenario.
It is recommended that irrespective of any industry, a firm must have logistic management, to satisfy its ultimate customers and gain market share. It thus becomes a core competency for all the industries.