Logistics and Supply Chain Management Overview

Study Notes

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 (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 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 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 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 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 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 (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 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 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 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 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.