Coyle_Chapter_2_PowerPoint_slides - Chapter 2: Role of...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Chapter 2: Role of Logistics in Supply Chains Learning Objectives After reading this chapter, you should be able to do the following: n Understand the role and importance of logistics in private and public organizations. n Discuss the impact of logistics on the economy and how effective logistics management contributes to the vitality of the economy. n Understand the value-added roles of logistics on both a macro and micro level. n Explain logistics systems from several perspectives. Learning Objectives (cont.) After reading this chapter, you should be able to do the following: n Understand the relationship between logistics and other important functional areas in an organization, including manufacturing, marketing, and finance. n Discuss the importance of management activities in the logistics function. n Analyze logistics systems from several different perspectives to meet different objectives. n Determine the total costs and understand the cost tradeoffs in a logistics system Source: Center for Supply Chain Research, Penn State University (2008). n Supplier---------Manufacturer---------Wholesaler--------Retailer--------Customer n What is Logistics? Logistics management Business logistics management Integrated logistics management Materials management Physical distribution management Marketing logistics Industrial logistics Distribution Logistics Definitions n Inventory: Management of materials in motion and at rest n Customer: Getting the right product, to the right customer, in the right quantity, in the right condition, at the right place, at the right time, and at the right cost (called the dictionary seven Rs of logistics) n International Society of Logistics: The branch of military science having to do with procuring, maintaining, utility/ value and transporting material, personnel, and facilities n Council of Supply Chain Management The art and science of management, engineering, and technical activities concerned with requirements, design, and supplying and maintaining resources to support objectives, plans, and operations Logistics Definitions...
View Full Document

This note was uploaded on 06/01/2009 for the course SCM 301 taught by Professor Gardner,williams during the Fall '08 term at Pennsylvania State University, University Park.

Page1 / 37

Coyle_Chapter_2_PowerPoint_slides - Chapter 2: Role of...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online