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    Components of Logistics Management: Supportive Component: Procurement

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    Naveen Karan
    The document outlines the three main components of logistics management: supportive, primary, and generic. The supportive component includes procurement, information, forecasting, storage and warehousing, material handling, and protective packaging. The primary component focuses on transportation, inventory management, network design, and order processing. Finally, the generic component consists of customer service activities that provide added value for customers.

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    Components of Logistics Management: Supportive Component: Procurement

    Uploaded by

    Naveen Karan
    155 views2 pages
    The document outlines the three main components of logistics management: supportive, primary, and generic. The supportive component includes procurement, information, forecasting, storage and warehousing, material handling, and protective packaging. The primary component focuses on transportation, inventory management, network design, and order processing. Finally, the generic component consists of customer service activities that provide added value for customers.

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    Business analysis

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    The document outlines the three main components of logistics management: supportive, primary, and generic. The supportive component includes procurement, information, forecasting, storage and warehousing, material handling, and protective packaging. The primary component focuses on transportation, inventory management, network design, and order processing. Finally, the generic component consists of customer service activities that provide added value for customers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    155 views2 pages

    Components of Logistics Management: Supportive Component: Procurement

    Uploaded by

    Naveen Karan
    The document outlines the three main components of logistics management: supportive, primary, and generic. The supportive component includes procurement, information, forecasting, storage and warehousing, material handling, and protective packaging. The primary component focuses on transportation, inventory management, network design, and order processing. Finally, the generic component consists of customer service activities that provide added value for customers.

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    © All Rights Reserved
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    COMPONENTS OF LOGISTICS MANAGEMENT

    The components of logistics management is divided into 3 components. They are given
    below,
    1. Supportive component
    2. Primary component
    3. Generic component

    SUPPORTIVE COMPONENT:

    Procurement:
     It is a process of finding and agreeing to terms and acquiring goods, services or works
    from an external source which are vital to an organisation.
     It involves the process of selecting vendors, establishing payment terms, strategic
    vetting, selection, the negotiation of contracts and actual purchasing of goods.

    Information:
     It deals with the flow of information between humans or machine actors within or
    between any no. of organization that in turn form a value creating network.

    Forecasting:
     Forecasting is an attempt to determine in advance the most likely outcome of an
    uncertain variable.
     Planning and controlling logistics system need predictions for the level of future
    economic activities because of the time lag in matching supply to demand.

    Storage and warehouse:


     Warehousing is the act of storing goods that will be sold or distributed later.
     Storage refers to the action or method of stocking something where as warehousing
    defines the act or process to store the commodities in a storage place specially known
    as a warehouse.

    Material handling:
     Material handling is the movement, protection, storage and control of materials and
    products throughout manufacturing, warehousing, distribution, consumption and
    disposal.
     It is an integral part of manufacturing industry.

    Protective packaging:
     Protective packaging is used in a wide variety of different industries including
    automotive, aerospace, electronics and pharmaceuticals.
     It refers to the use of various packaging material to safeguard and shield a core
    product from damages during transportation or storage.
    PRIMARY COMPONENT:

    Transportation:
     In business, at its most basic level, transportation is simply moving products and
    materials from one place to another.
     The progress in technique and management principles improves the moving load,
    delivery speed, service quality, operation costs, the usage of facilities and energy
    saving.

    Inventory management:
     It is the supervision of non capitalised assets (inventory) and stock items.
     Inventory management is a systematic approach to sourcing, storing and selling
    inventory both raw material and finished goods.

    Network design:
     Logistics network design is concerned with the purpose of number and site of
    warehouses and manufacturing plants, allocation of customer demand, distribution of
    warehouses to production plants.

    Order processing:
     It is the prices of the order and all the actions that take place in between.
     It involves picking goods, packing them, and delivering them to the carrier.
     Order processing operations or facilities are commonly called as distribution centres.

    GENERIC COMPONENT:

    Customer service:
     Customer service in logistics is the activities, service actions are provided, acting as
    added value.
     The aim is to bring more value than the core service that customers need and bring the
    most satisfaction to customers.

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