ELEMENTS OF LOGISTICS MANAGEMENT

Jun 17th, 2015
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ELEMENTS OF LOGISTICS MANAGEMENT in this file OVERVIEW OF LOGISTICS FUNCTION .

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ELEMENTS OF LOGISTICS MANAGEMENT BMS III2005 SR.NOTOPICS TO BE COVERED1.OVERVIEW OF LOGISTICS FUNCTION a.What is logistics? Definition, Genesis of modern logisticsb.Importance of logisticsc.What are the operational objectives of logistics?d.Logistical functionse.Important concepts: SCM, Logistical Interfaces with production & marketing, 3Cs, Logistical mission2.INVENTORY MANAGEMENTa.What is Inventory? Types of inventory, Functions of inventory, Some Inventory related definitionsb.Fundamental approaches to managing Inventoryc.Economic order quantityd.Selective Inventory controle.Inventory management methodsf.Other approaches to inventory managementgNumericals: Inventory3.TRANSPORTATION Functions of transportation, Principles of transportation, Participants in Transportation DecisionsTransport infrastructureVarious modes of transport, nodal pointsFreight rate structureSelection of CarrierTransportation policyTransportation network optionsInter-modal transportationContainerizationNumericals: Transportation & assignment4PURCHASING AND PRODUCTION SCHEDULING DECISIONS MRPI &MRPII concepts, objectives, advantages, disadvantagesDRPI &DRPII concepts, objectives, advantages, disadvantagesForecastingOutsourcing5WAREHOUSING Concept, Functions of warehouse [warehousing operations]Economic and service benefitsPrinciples of Warehouse designWa

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