Role of Logistics in Enhancing Supply Chain Efficiency Assignment

Assignment Task

Questions

Explain the relationship between logistics and supply chain management.

Problem

Explain the relationship between logistics and supply chain management.

Step-by-step solution

Supply chain management

It is a process through which the flow of goods and services is managed. It helps to achieve a competitive advantage by rendering the highest degree of satisfaction for the customers, which can be provided at a relatively low cost.

• This is the process of management wherein information and material across the distribution channel from supplier to customer
• Supply Chain management depends on the close coordination of partners who involve in order generation, order taking, and order fulfillment
• The collective process of the organizational functioning from end to end process is termed ‘Supply Chain Management

Logistics management

• It is a component of supply chain management, which governs the functions related to supply chain management
• In general, manages the inbound and outbound transportation, warehousing, order fulfillment, network design, etc.
• The basic objective of logistics management is to reduce expenses and enhance customer services

It is evident that the resources are not widely spread all over the world, in order to deal with the scarcity for the optimum utilization of the resources logistics management is highly essential. The end-to-end process requires highly sophisticated technology for the process of optimum utilization of the resources in terms of time and money to obtain prospective results.

Relationship

The Council of Supply Chain Management Professionals (CSCMP) defines logistics management as the part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow of goods, services, and related information between the point of origin and the point of consumption. Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. It also includes coordination and collaboration with channel partners, suppliers, intermediaries, third-party service providers, and customers. The integrated managing and control of the flow of information, materials, and services from the suppliers through to the factories, warehouses, and retailers to the end customers requires logistics management. Logistics management is the performance required to move and position inventory through a supply chain also called a value chain. Logistics management creates value by integrating, coordinating and optimising the entire value chain as a continuous process.

Discuss the logistics management functions.

Logistics management as a subset of supply chain management includes actions required to:

1. a) Prepare (plan)
2. b) Organise (implement)
3. c) Execute (control)

The activities of a firm when moving materials or finished products to customers. The planning and preparation activities include:

• Facility sites (type, number, location, size, and capacity)
• Durable equipment necessary for the flow of goods through the logistics network
• Distribution parties (wholesalers, 3rd party service providers)
• Carriers (choice of transport)

The organisational and implementation aspects of logistics include:

• The allocation and positioning of resources.
• The design of production and distribution activities to respond to customer needs in an efficient manner in order to accomplish the organisations goals.

Execution includes operational aspects such as routing of trips and scheduling of vehicles and crews while control includes the monitoring and reviewing of performance aspects such as quality of service, expenditure, productivity and asset utilisation to ensure that:

• The logistics process satisfies customers effectively;
• The firm’s resources are deployed efficiently and
• Corrective action is taken when performance is not in line with goals.

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