Logistics call for an understanding of the total supply chain, the elements of which include inventories, packing, forwarding, freight, storage and handling. Logistics is responsible for all the movement that takes place within the organization whether it is inbound logistics of incoming, raw materials or movement within the company or the physical distribution of finished goods, logistics encompasses all of these.
Typical logistics framework mainly consists of Physical Supply, Internal Operations and Physical Distribution of Goods and Services. To put it more simply, the material supply logistics starts from the base level of “generation of the demand”, through the “process of purchase” and “supply of material from the vendor” right through to “final acceptance” and “payments to the supplier” and “issue to the indenter” and has to be considered as a “one whole activity” with each stage having an impact on price/cost of material supply. Logistics is, in itself, a system; it is a network of related activities with the purpose of managing the orderly flow of material and personnel within the logistics channel.
A SUPPLY CHAIN is a network of supplier, manufacturing, assembly, distribution, and logistics facilities that perform the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these products to customers. Supply chains arise in both manufacturing and service organizations. SUPPLY CHAIN MANAGEMENT (SCM) is a systems approach to managing the entire flow of information, materials, and services from raw materials suppliers through factories and warehouses to the end customer. SCM is different from SUPPLY MANAGEMENT which emphasizes only the buyer-supplier relationship.
Logistics is not confined to manufacturing operation alone. It is relevant to all enterprises, including Govt. institutions such as Hospitals and schools and service organization such as retailers, banks and financial service organizations. The study of logistics is especially important for bulk raw materials, where substantial outflow of freight is involved. Management of Logistics is an art which is extremely difficult to perfect in India, JIT ends up being SHIT - some how in time. The study of logistics is important to establish a lean supply chain which would give an advantage of quick product change over, capability, excellent short and long term forecast visibility and JIT capability.
Supply chain management has emerged as the new key to productivity and competitiveness of manufacturing and service enterprises. The importance of this area is shown by a significant spurt in research in the last five years and also proliferation of supply chain solutions and supply chain companies (e.g. i2, Manugistics, etc.). All major ERP companies are now offering supply chain solutions as a major extended feature of their ERP packages.
Supply chain management is a major application area for Internet Technologies and Electronic Commerce (ITEC). In fact, advances in ITEC have contributed to growing importance of supply chain management and SCM in turn has contributed to many advances in ITEC.
The growth prospects of the logistics sector are closely linked to economic growth and foreign trade. Booming retail trade was expected to provide a fillip to the growth of the logistics industry. While growth of organized retail trade has slowed down, the sector has not lost steam.
India has a vast territory and hence, implementing a smooth supply chain model poses a challenge. Consider the case of food products in India. The Indian supply chain for food products is characterised by extensive wastage and poor handling. The wastage occurs because of multiple points of manual handling, inadequate packaging and cold storage facilities. The physical wastage is one component of the inefficiency in the supply chain. There are other problems as well, in terms of the deterioration in quality and the cost of intermediation in the food chain. To avoid all this, there is need to have appropriate infrastructure for storage and transportation.
Thus, logistics plays an important role in any economy. As per the CII 2007 report, the US$ 90 bn (2007) industry is expected to reach a size of US$ 125 bn by 2010 on account of expanding domestic economy. This translates into a growth of nearly 12% per annum. The logistics segment can be broadly categorized into three segments– transportation, warehousing and value add services.
Essentially, the world can be viewed as one large supply chain. Consumers and producers are constantly communicating with each other, and a product goes through many hands before reaching its final destination. SCM deals with major issues such as the growth of multinational corporations, partnerships, global brand expansion and outsourcing.
We provide Logistics and Supply Chain Management course in two levels as Professional Designation for undergraduate students and Advance PG Program for Graduated Students. The details of the courses are as below:
Workers in the logistics and supply chain management field make sure that goods and services get into the hands of consumers. The logistics industry is an important driver of economic growth and development.
All types of businesses, big and small, need logistics managers to help with inventory and accounts receivable. A small business may have one person in charge of these duties, while large corporations have entire logistics and supply chain departments. Learn more about this career and several others with the links below:
Most people begin down a career path in this field by starting in an entry-level position and working their way up to jobs with more responsibilities and a higher salary. Manufacturing is by far the largest industry employing logisticians, with over 40% of logisticians working in some field of manufacturing are many different job titles in the logistics industry. Below are just a few:
With globalization making even the furthest reaches of the globe more and more connected, now is a great time to be looking into the field of logistics. Employment in the field is expected to grow 22% between 2012 and 2022. In May 2012, the median wage for logisticians was $72,780. Jobs in the field of logistics and supply chain management include logistics manager, integrated programs director, supply chain director, inventory manager, supply chain planning manager, and other specified careers.
Most companies prefer logistic managers have at least a bachelor’s degree, in either fields of business, industrial engineering, or supply chain management. Likewise, one can show their dedication in the field by acquiring certification from the American Society of Transportation and Logistics, or the International Society of Logistics. Additionally, having both a degree and work experience will help in finding a job. As many jobs in the field are related to the government and military, having a military background can be beneficial as well.