Logistics and Supply Chain Management Overview

Logistic Overview

• Logistic refers to the planning, coordination, and execution of the movement and storage of goods, products, and resources from one place to another.
• It involves the integration of information, transportation, inventory, warehousing, material handling, and packaging.

Supply Chain Management

• Supply Chain Management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.
• SCM involves:
  • Sourcing and procurement
  • Production planning and scheduling
  • Inventory management
  • Transportation and logistics
  • Demand forecasting and management

Transportation Management

• Transportation Management involves the planning, coordination, and execution of the movement of goods and products from one place to another.
• Modes of transportation:
  • Land transportation (trucks, trains, buses)
  • Air transportation (airplanes, helicopters)
  • Water transportation (ships, boats)
  • Intermodal transportation (combines multiple modes)
• Transportation management systems (TMS) help optimize routes, reduce costs, and improve delivery times.

Freight Forwarding

• Freight Forwarding is the coordination and shipment of goods from one place to another via a third-party logistics provider.
• Freight forwarders:
  • Arrange for transportation
  • Handle customs clearance and documentation
  • Provide insurance and tracking services
  • Consolidate and de-consolidate shipments

Warehousing

• Warehousing involves the storage of goods and products in a facility until they are needed.
• Types of warehousing:
  • Private warehousing (owned by a company)
  • Public warehousing (shared by multiple companies)
  • Bonded warehousing (for goods subject to customs duties)
  • Automated warehousing (uses technology and robotics)
• Warehouse management systems (WMS) help optimize storage, inventory, and order fulfillment.

Inventory Control

• Inventory Control involves the management of inventory levels, including tracking, ordering, and storing products.
• Inventory control systems:
  • Track inventory levels and locations
  • Automate ordering and replenishment
  • Provide reports and analytics on inventory performance
  • Help reduce stockouts, overstocking, and inventory costs

Logistics Overview

• Logistics is the planning, coordination, and execution of goods, products, and resources movement and storage from one place to another.
• It involves integrating information, transportation, inventory, warehousing, material handling, and packaging.

Supply Chain Management

• Supply Chain Management (SCM) oversees materials, information, and finances from supplier to manufacturer to wholesaler to retailer to consumer.
• SCM involves sourcing and procurement, production planning and scheduling, inventory management, transportation and logistics, and demand forecasting and management.

Transportation Management

• Transportation Management plans, coordinates, and executes the movement of goods and products from one place to another.
• Modes of transportation include land (trucks, trains, buses), air (airplanes, helicopters), water (ships, boats), and intermodal (combines multiple modes).
• Transportation management systems (TMS) optimize routes, reduce costs, and improve delivery times.

Freight Forwarding

• Freight Forwarding is the coordination and shipment of goods via a third-party logistics provider.
• Freight forwarders arrange for transportation, handle customs clearance and documentation, provide insurance and tracking services, and consolidate and de-consolidate shipments.

Warehousing

• Warehousing stores goods and products in a facility until they are needed.
• Types of warehousing include private (owned by a company), public (shared by multiple companies), bonded (for goods subject to customs duties), and automated (uses technology and robotics).
• Warehouse management systems (WMS) optimize storage, inventory, and order fulfillment.

Inventory Control

• Inventory Control manages inventory levels, including tracking, ordering, and storing products.
• Inventory control systems track inventory levels and locations, automate ordering and replenishment, provide reports and analytics, and help reduce stockouts, overstocking, and inventory costs.