Logistics management, Study Guides, Projects, Research of Latin

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Kelkar Education Trust’s Vinayak Ganesh Vaze College of Arts, Science & Commerce (Autonomous)

INTERNAL PROJECT

WORK

FYBCOM - B Semester

II

COMMERC E Topic :- Logistics Management

GROUP

NO. 1

Sr. No. Name of Student Roll No. Individual Subtopic 1 Sakshi Ghadi B002 Meaning & Introduction 2 Bhavana Ghadigaonkar B003 Evolution of Logistics 3 Sakshi Ghanekar B004 Importance & Objectives 4 Mihir Ghanwat B005 Distribution & Warehouse Management 5 Manish Gharat B006 Forms of Logistics 6 Mansi Ghatkar B007 Inbound & Outbound of Logistics 7 Namita Ghole B008 Cost Factor in Logistics 8 Siddhesh Ghole B009 Current Scenario

MEANING OF LOGISTICS

MANAGEMENT

“Logistics is the process planning, implementing and

controlling the efficient, effective flow and storage and goods,

services and related information from point of origin to point of

consumption for the purpose of conforming to customs

satisfaction”.

“Logistics means the art of managing the flow of raw materials

and finished goods from the source to the user”

In common man’s language ‘Logistics means having the right

thing at the right place, at the right, at right cost to the right

customer’.

Evolution of logistics

• (^) Evolution of logistics can give us detailed idea as in how the product

travels from one point to another depending upon various factors like

quantity, time, geographical location and nature of good.

• (^) Evolution of logistics and shipping is an integral part of online

shopping, without quick and effective delivery nobody would have

believed in online shopping.

• (^) The evolution of logistics fascinates me about how it took 10-15 days

for a single delivery and now with the help of various machines and

artificial intelligence and with the help of proper evolution it is

delivered within 10-15 minutes.

Importance & Objectives of Logistics

1. Boost Business Profitability :- Effective logistics management can be a game-changer when it comes to boosting business profitability. One of the most apparent ways it achieves this is by optimizing transportation routes and minimizing transportation costs. 2. Improve Customer Experience:- In the age of e-commerce and global supply chains, the customer experience has become a critical differentiator for businesses. 3. Cost Reduction And Efficiency Improvement :- Logistics operations often represent a substantial portion of a company’s expenses. However, effective logistics management can turn logistics from a cost centre into a source of cost reduction and increased efficiency. .  (^) IMPORTANCE

4. Scalability:- The ability to scale operations is vital for businesses looking to grow or adapt to changing market conditions. Logistics management should be flexible and adaptable to accommodate these changing needs 5. Ensure Seamless Delivery:- The ultimate goal of logistics is to ensure that goods reach their intended destinations without hiccups. Seamless delivery encompasses timely deliveries, accurate order fulfilment, and minimal errors in the process. 6. Enhance Visibility:- Visibility is a buzzword in modern logistics, and it refers to the ability to track and monitor the movement of goods at every stage of the supply chain. Enhanced visibility enables businesses to make informed decisions, anticipate potential issues, and respond promptly to disruptions. 7. Improve Warehouse Management:- Warehouses are the heart of the supply chain, serving as storage and distribution centres for products. Effective warehouse management is essential for the smooth flow of goods, and it offers several benefits to businesses.

5. Reduce Operational Cost:- Embracing logistics management is the best way to drive up revenue and reduce the overall cost of the supply chain operations. It allows optimum utilization of raw materials and faster delivery of products which help companies to gain a competitive advantage. 6. Quick Response:- Companies tend to operate reactively to each order as logistics management provides them with relevant information to intensify decision-making capability. This leads to rapid response and accuracy in the operation process. 7. Efficient Flow of Information:- One of the major objectives of logistics management is to facilitate collaboration. Therefore, establishing a seamless communication flow helps the companies to coordinate with vendors, suppliers, and customers.

DISTRIBUTION AND Warehouse management Distribution management involves the processes and activities required to efficiently move products from the manufacturer to the end-user. It encompasses various functions such as transportation, order processing, inventory management, and customer service. Key Components:

1. Order Processing: Involves receiving and processing customer orders, including order entry, order fulfillment, and order tracking. 2. Inventory Management: Ensures that the right amount of stock is available to meet customer demand without excessive holding costs. Involves demand forecasting, stock replenishment, and inventory control measures.

 Distribution Management:

Forms Of Logistics Inbound Logistics :- Inbound logistics involves the processes of receiving, storing, and distributing goods as they enter a company. It includes activities like transportation, warehousing, and inventory management. Outbound Logistics :- Outbound logistics pertains to the processes of delivering finished products or services to customers. It encompasses activities such as order fulfillment, packaging, transportation, and distribution.

• (^) Third-party Logistics (3PL) :- Third-party logistics involves outsourcing logistics and supply chain management functions to a specialized external service provider. These providers, known as third-party logistics providers, offer services such as transportation, warehousing, distribution, and freight forwarding.

• (^) Green Logistics :- Green logistics refers to environmentally friendly practices in the transportation and supply chain industry. It involves reducing carbon emissions, minimizing waste, and using sustainable transportation methods to mitigate the environmental impact of logistics operations.
• (^) Military Logistics :- Military logistics involves planning, organizing, and executing the movement and maintenance of military forces. It encompasses supply chain management, transportation, distribution, and strategic planning to ensure the timely and effective support of military operations.
• (^) Reverse Logistics :- In reverse logistics company return goods from end-users back for refurbishing, recycling or repairing. Reverse logistics aims to optimize the return flow of goods, reduce waste, and recover value from products, contributing to sustainable and efficient supply chain practices.

 (^) OUTBOUND LOGISTICS:

• (^) Transportation :- Coordinating the delivery of finished goods to

distribution centers or directly to customers. Optimizing

transportation routes for efficiency

• (^) Distribution :- Managing distribution centres to store and ship

products. Ensuring timely and accurate order processing.

• (^) Inventory Management :- Monitoring finished goods inventory

levels. Minimizing excess inventory while meeting customer

demand

• (^) Customer Relationship Management (CRM) :- Building and

maintaining positive relationships with customers. Addressing

customer inquiries, managing returns, and ensuring customer

satisfaction.

INBOUND AND OUTBOUND LOGISTICS

Cost Factor in Logistics

• (^) 1. Transportation: Expenses related to moving goods, including fuel, vehicle maintenance, and transportation infrastructure costs.
• (^) 2. Warehousing: Costs associated with storing inventory, such as rent, utilities, and labor for managing and maintaining warehouses.
• (^) 3. Inventory carrying: The expenses linked to holding and managing inventory, including storage costs, insurance, and potential obsolescence.
• (^) 4. Packaging: The cost of materials and labor for packaging goods for safe and efficient transportation.
• (^) 5. Customs and duties: Expenses related to international logistics, including tariffs, taxes, and compliance with customs regulations.

CURRENT SCENARIO Current Scenario in India

- Airlines in India spend about 13 to 15 per cent of

their revenues towards maintenance – the second-

highest cost item for airlines after fuel.

• India is moving forward to become the world’s third largest

civil aviation market by 2024. Currently, major airlines

connect 103 operational airports within the country and

many more across the globe. Despite the RCS-Udan scheme,

India’s aviation industry is largely untapped with huge

growth opportunities.

• (^) The Indian government is planning to invest $1.83 billion for

the development of airport infrastructure along with aviation

navigation services by 2026.

• (^) India’s total passenger traffic stood at 199.60 million

in the period April to October 2019, with 1.5 million

aircraft movements. The Mumbai-Delhi air corridor is

ranked the world’s third-busiest route. Total freight

traffic for the same period was two million tonne.

There are 604 aircraft operated by scheduled airline

operators in India. Airlines in India spend about 13 to

15 per cent of their revenues towards maintenance