Wednesday, October 23, 2019

Logistic Planning

Logistic planning and management largely focus on lowering the cost associated with producing and distributing products under a variety of constraints. Logistics can be meant in different aspects of terms. In the perspective of Customer, the definition is 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. In the perspective of utility and value, the definition is providing the time and place utility/value of materials and products in support of organization objectives.In the perspective of Functional Management, the definition is provide materials requirements determination , purchasing , transportation , inventory management, warehousing, materials handling, industrial packaging, facility location analysis, distribution, return goods handling, information management, customers service, and all other activities concerned with supporting the internal customer (manufacturing) with materials and the external customer(retail stores) with product.Citied from Stephen H. Russell, â€Å"A General Theory of Logistic Practices. Logistic is the support of producing products in order for marketers to market the product. An example describing my statement will be that in order to sell laptops to customers, the logistics management would gather the products and send to retailers for sale. This operation is an important task. † Logistic is the support of producing products in order for marketers to market the product. An example describing my statement will be that in order to sell laptops to customers, the logistics management would gather the products and send to retailers for sale. This operation is an important task.

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