What are Marketing Logistics?
What is logistics?
Logistics is the process/chain management of transport/flow and thestorage of goods and services from its origin to its consumption. The management of resources and their distribution.
What is inbound logistics?
Inbound logistics is the management of goods and materials which are arriving at your business premises. It is the opposite of outbound (or 'despatch') logistics. For example, in a tomato canning plant, inbound logistics is concerned with the receipt and storage of empty cans and raw tomatoes, which… arrive separately. Outbound logistics is concerned with the storage of canned tomatoes (the finished product) and despatch to customers. ( Full Answer )
What is international logistics?
The negotiating, planning, and implementation of supporting logistics arrangements between nations, their forces, and agencies. It includes the furnishing of logistic support (major end items, materiel, and/or services) to, or receiving logistic support from, one or more friendly foreign governments…, international organizations, or military forces, with or without reimbursement. It also includes the planning and actions related to the inter-meshing of a significant element, activity, or component of the military logistics systems or procedures of the United States with those of one or more foreign governments, international organizations, or military forces on a temporary or permanent basis. It includes planning and actions related to the utilization of U.S. logistics policies, systems, and/or procedures to meet requirements of one or more foreign governments, international organizations, or forces. ( Full Answer )
What are the roles of logistics?
Logistics, by definition is coordinating complex operationsinvolved in the moving of people, equipment, and supplies. It isvery important in our daily lives. During World War II alone, thelogistics involved in preparing for D Day at Normandy were aweinspiring. Not only was the movement of the troops…, landing craft,and materials all in need of coordination, but getting those thingsto the proper areas before the invasion took massive planning. Theworld could not properly function without logistics. ( Full Answer )
What is offshore logistics?
Answer .
Hooking up in the Caribbean. Navigating to the proper corner of the island so that people walking by won't see you. It might involve chairs or bookbags.
What is outbound logistics?
Value added goods are to be made available in the market for customers to perceive value. Finished goods are to be distributed through the network of warehouses and supply lines to reach the consumer through retailers's shops in the market. During conversion value is added to the raw materials and a…s a result value of the inventory in this case is very high unlike inputs. Now the size of shipment, modes , of transport and delivery time are different as compared to inputs. Activities of shipment, distribution performance cycle come under the scope of Outbound Logistics. They are order management, transportation, warehousing, packaging, handling etc.alue added goods are to be made available in the market for customers to perceive value. Finished goods are to be distributed through the network of warehouses and supply lines to reach the consumer through retailers's shops in the market. During conversion value is added to the raw materials and as a result value of the inventory in this case is very high unlike inputs. Now the size of shipment, modes , of transport and delivery time are different as compared to inputs. Activities of shipment, distribution performance cycle come under the scope of Outbound Logistics. They are order management, transportation, warehousing, packaging, handling etc. ( Full Answer )
What is logistic growth?
Population growth in which the growth rate decreases with increasing number of individuals until it becomes zero when the population reaches a maximum.
What is logistic management?
Logistics management is the planning and scheduling of transport operations through proper fleet management, with effective inventory control system that manages the flow of raw materials through the finishing process and responsible for customers satisfaction bearing in mind time of delivery and co…st containment. It also entails fuel management and materials handling. Moreover, communication is an aspect which is basically determined information from different parties. To avoid reverse Logistics, effective communication should exist between the end user's and manufacturers considering the quality of the product at the point of delivery. It also entails validating vehicles particulars and accessories to avoid delays and additional cost from Governmental agencies. In Logistics management, there is need for Development and Support Strategy (DSS) team. In case of any extraneous variable, this support team will be able to fill up the gap. Basically Logistics Management comprises three components: Packaging, Warehousing and Transportation. Fleet management is particularly important and often involves the use of vehicle tracking systems (vehicle tracking devices combined with software, which allows companies to track their fleet of vehicles either in real time or historically). ( Full Answer )
What is the definition for logistics?
1 : the aspect of military science dealing with the procurement, maintenance, and transportation of military matériel, facilities, and personnel.
2 : the handling of the details of an operation .
n. (used with a sing. or pl. verb)\n.
\nThe aspect of military operations that deals with the …procurement, distribution, maintenance, and replacement of materiel and personnel.\nThe management of the details of an operation.\n.
\n[French logistiques, from logistique, logic (perhaps influenced by loger, to quarter), from Medieval Latin logisticus, of calculation. See logistic.] ( Full Answer )
The importance of logistics is what?
A well-managed logistics operation is streamlined to offer better customer service than your competitors, without wasting resources like time and money. For this reason, logistics is very important to any business with a tangible product that needs to be physically stored and distributed.
Who is responsible for logistic?
In business, the person responsible for logistics is usually called the Logistics Manager or the Logistics Director. Sometimes they are called the Supply Chain Manager/Director (supply chain is a wider term: it can include purchasing of raw materials, and processing of customer orders, as well as ma…nagement of logistics). In the UK about 40% of companies have a Logistics or Supply Chain Director on their main board of directors. On the whole, men are responsible for logistics - fewer than 10% of logistics managers are female. Yet outside professional life, in the home, it is usually women who are responsible for family logistics. ( Full Answer )
What is secondary logistics?
In military terms, primary logistics serves the needs of combat troops and secondary logistics serves the needs of support troops.
What is logistics department?
The logistics department is a section of a company which manages logistics to ensure the business is successful. Some of the key aspects of logistics include controlling stock levels, operating storage facilities and transporting goods. The resources used by the logistics department often include fi…nance (managing budgets), people (managing HR) and computer systems (managing IT). Typical assets include commercial property and vehicle fleets. ( Full Answer )
What does the logistics department do?
Logistics is considered to be the complete process involving planning, managing and controlling the flow of goods and services, information, real-time data and human resources from the point of origin to the point of destination. There is hardly any manufacturing or marketing activity that can be ac…hieved without the support of an effective logistical department..
The logistics process consists of the process of integration of several aspects such as material handling, warehousing, information, transportation, packaging and inventory. The primary duty of an effective logistics system is to ensure geographical repositioning of unfinished goods, and it is also concerned with the finished inventories of the organization being at the required place at the lowest possible cost..
The logistics department is entrusted with the responsibilities of ensuring that the entire process of logistics is maintained and developed in accordance with the goals of the business at an economical cost. The tasks of the logistics department involve storage, distribution, warehousing, movement of goods from one place to another (internally or externally), tracking and delivery of goods. It includes a complete process of planning, managing, controlling and coordination to make sure that the goods reach the right place, at the right time, for the right cost and in a right condition. The various tasks performed by the department may be summarized as follows:.
1. Ensuring all the requirements of the customers are met on time in an efficient and safe manner..
2. To coordinate with third party logistics (3PLs)..
3. To ensure that there is a safe and timely dispatch of goods..
4. To draft plans, policies and procedures for successful implementation of logistics system..
5. To ensure that the business goals of the organization are in synchronization with logistics system..
6. To create and maintain customer support..
7. To maintain coordination with vendors, service providers and transport carriers..
8. To ensure that no fraud is committed..
9. To ensure timely supply and payment of goods and reduce inventories. ( Full Answer )
Is there abbreviation for logistics?
The word 'logistics' is not commonly abbreviated, but I have occasionally seen it as either 'LO' or 'Log'. CILT is the abbreviation for the 'Chartered Institute of Logistics and Transport'. You can find lots of abbreviations for supply chain and logistics terminology online here: http://www.mysupp…lychain.co.uk/Definitions/tla_a.htm ( Full Answer )
What are the relevance of logistics?
Its linked together area of needs and supply. It ensure the sfae passage of goods from the point of production to the consumer. It determine largely the selling price of goods and services. 4rm BABATUNDE TOHEEB OLAMILEKAN TAI SOLARIN UNIVERSITY OF EDUCATION 200L
What is a logistics audit?
A freight logistics audit will generally cover both inbound and outbound transportation as well as other logistics related activities such as stock management, warehousing or trade compliance. A Logistics audit will invariably start with gathering quantitative and qualitative data from key stake…holders and with analyzing and interpreting this information. The main departments collaborating in data collection and interviews will typically be Logistics and Transportation as well as Warehousing, Purchasing, Production, Trade Compliance, Customer service and IT departments. All these departments are involved directly or indirectly in the supply chain and can provide a valuable insight on the situation as well as benefit from the outcomes of the audit. Typical findings will generally relate to the (without being limited to) logistics sourcing strategy, customs compliance performance, HTS management, freight optimization and consolidation, order and stock management, ERP and logistics systems interaction, process streamlining and unification, premium transportation limitation and regulation, logistics provider portfolio strategy and contract management. The ultimate purpose of the logistics audit is to objectively evaluate the entire process in order to identify any inefficiencies, bottlenecks, and waste(1). provide suggestions for improvements and modifications summarized on "to-be" maps and adequately prioritized. Specific recommendations, action items and risk assessments will accompany these suggestions and solutions to help with their implementation. In a nutshell, a freight logistics audit will identify good working practices and improvement or optimization opportunities inside the logistics chain of an organization through an objective assessment and data benchmarking and moreover, will map a road leading both to qualitative service improvement and logistics savings and cost avoidance. ( Full Answer )
What is a synonym for logistics?
There is no exact synonym, but the closest is probably 'distribution'. Other words for logistics include: 3PL Freight Freight Forwarding Haulage Materials Management Shipping Storage Supply Chain Supply Planning Transport Warehousing
What is an logistics analyst?
A logistics analyst is a person who studies data in order to understand the optimum way of storing and distributing goods (or, less commonly, waste products). The work is usually carried out using computers. For example, in a retail business with 100 suppliers of goods, one warehouse and 200 stores…, a logistics analyst would study sales information to answer questions like: - should any suppliers deliver directly to any stores, or should all the goods be distributed via the warehouse? - how much stock should the retailer have in the warehouse and at each store? - how many deliveries are required to each store, each week? - how many trucks are needed to deliver to the stores (should the trucks operate 5 days per week, or can they work at night or on the weekend too)? - should the retailer have two warehouses instead, say one in the North and another in the South? - should the retailer get rid of any suppliers or stores? The answer to each question will depend on the retailer's policy about striking a balance between cost and service. The analyst does not usually make policy decisions, but they work as part of a team where business strategy is decided, based on facts. ( Full Answer )
What are the elements that differentiate international logistics from domestic logistics?
Language and culture can be a issue.Transportation can be difficult because of different modes used,documentation can be hard to read if not in English and there is no one to translate.International insurance can be complexto decipher.Currency can fluctuate and can cause non payment of goods .Terms …of trade can increase the transfer of responsibility and ownership. ( Full Answer )
What rhymes with logistic?
2 syllables: christic, cystic, mistic, mystic, sistek.
3 syllables: artistic, autistic, ballistic, holistic, linguistic, patristic, puristic, sadistic, simplistic, statistic, stylistic.
4 syllables: altruistic, atheistic, chauvinistic, coloristic, dualistic, euphemistic, fatalistic, feudalis…tic, futuristic, hedonistic, hellenistic, humanistic, jingoistic, journalistic, legalistic, mechanistic, moralistic, narcissistic, novelistic, optimistic, pantheistic, pessimistic, pluralistic, realistic, socialistic, solipsistic, stalinistic, surrealistic, synergistic, terroristic, unrealistic, voyeuristic.
5 syllables: anachronistic, antagonistic, antiballistic, capitalistic, characteristic, deterministic, expressionistic, idealistic, impressionistic, militaristic, monopolistic, nationalistic, naturalistic, opportunistic, paternalistic, polytheistic, primitivistic, propagandistic, relativistic, religious mystic, ritualistic.
6 syllables: imperialistic, materialistic, oligopolistic, sensationalistic, sex characteristic, uncharacteristic.
7 syllables: individualistic, parametric statistic.
8 syllables: distribution free statistic ( Full Answer )
What is logistic specialist?
I am a logistics specialist. This means that by profession, I specialise in logistics. You can find out more via my website: www.clarebottle.co.uk
What is piggyback in logistics?
Piggybacking is a term for transporting semi-trailers on train rail flatcars. The trains can then carry numerous semi-trailers to various destinations to reduce transportation cost.
How logistics and customer service affect marketing?
Customer Service is a core function of marketing management but the deliverables of Customer Service are executed in Logistics. Where the marketing team have secured an order from a customer, that oder must be picked in warehouses and loaded on outbound trucks for delivery to the intended customer; …thus if delivery is delayed and or wrong picking was made, then customers feedback will be not good. In fact, logistics cooks the fish and marketing only go and havest the fish. ( Full Answer )
What is a node in logistics?
it is a junction in a circuit where two or more circuit elements are connected together
How does supply chain and logistics management relate to marketing strategy?
Yeah, so supply chain and logistics management simply relate marketing strategy. It's always been that way and always will in all likelihood remain be that way, too
What is logistical compromise?
Logistical compromise is part of the theory of trade-offs. It can be quite complex, but basically, there are several different costs in a logistics system and in order to save money overall, you might have to accept higher costs in one element. The main elements of cost are: production packaging in…formation systems lost sales inventory transport (inbound & outbound trunking) transport (local delivery) warehousing If you have ten warehouses and you reduce it to one, you will save money on warehousing. But your local delivery transport costs will be higher, because most of your delivery journeys are now longer, so you need more trucks, drivers, fuel etc. The principle of logistical compromise is that you analyse the trade-offs and balance the different elements of cost, to get the optimum solution. So you might find that cutting down to three warehouses is the best option - you save money on warehousing and your transport costs don't go up too much. ( Full Answer )
Synonyms for logistics?
These are not exact synonyms, but some other words for logistics are: Distribution; Freight Forwarding; Materials Handling; Haulage; Operations; Production Planning; Supply Chain; Storage; Transport / Transportation; and Warehousing.
What is shipping logistic?
Shipping logistics is the movement of freight by sea. It can include deep-sea shipping across oceans and also short-sea shipping in coastal waters. Some goods are shipped in bulk (e.g. oil, coal, grain) but manufactured goods are usually shipped in containers. There are international standards for t…he shape and size of a container, so containers from different sources can be stacked very efficiently on a ship, because they fit together neatly. It is also possible to move freight by barge on an inland waterway, but this is not usually called shipping. ( Full Answer )
What are the challenges of logistics?
If you work in logistics, you tackle challenges like balancing the need for cost control with the need for good service levels. You have to decide how much stock to hold, where to keep it and how to distribute it to your customers. Another type of logistics challenge is in the talent pool for logis…tics. In the UK about 14% of working people have a job in logistics; yet schools are ill-equipped to engage their students on a career path in this sector. ( Full Answer )
What is logistical components?
This component deal with basic services required for the delivery of good as per normal and unforeseen requirement, fixed replenishment cycle time, zero defect delivery, prompt reverse logistics system for early recovery from defective delivery point to point information along with consistency relia…bility in their services. ( Full Answer )
Explain how an efficient logistics function can help in intenational business compete more effectively in the global market place?
Efficient logistics functions can help in international businesses competition by effectively knowing what they are doing at all times. International business is a great opportunity and the better your logistics teams are the better your business will be.
What is global logistics?
Global logistics is the process by which goods, equipment, ormaterials are moved across the world. It requires the ability toaccomplish tasks within a timely and cost effective manner.
What is agile logistics?
It's referred to detailed software system and implementation of acomplex operation of software after release plan . Logistics is defined as a business planning framework for themanagement of material, service, information and capital flows. Itincludes the increasingly complex information, communicat…ion andcontrol systems required in today's business environment. ( Full Answer )
What is logistics crossdocking?
Cross-docking is a practice in logistics of unloading materials from an incoming semi-trailer truck or rail car and loading these materials directly into outbound trucks, trailers, or rail cars, with little or no storage in between. This may be done to change type of conveyance, to sort material int…ended for different destinations, or to combine material from different origins into transport vehicles (or containers) with the same, or similar destination. ( Full Answer )
Who is a logistics assistant?
he is jack of all and he can help to other people thats way he called assistant
What is green logistics?
Green logistics, in the context of humanitarian logisticsencourages all stakeholders to consider the impact of their actionson the environment. The main objective of Green logistics is tocoordinate the activities within a supply chain in such a way thatbeneficiary needs are met at "least cost" to th…e environment. ( Full Answer )
What can logistics management do for you?
Logistics management can help you start your business and give very good business advice. They can let you know how things are selling in your area, and who your main consumer types would be.
Explain how an efficient logistics function can help in international business compete more effectively in the global market place?
Effective and efficient logistics functions help large international companies predict what sectors of their business may need to be downsized, emphasized, or cut all together. Properly calibrated functions and well trained logistics teams help large companies decide what investments are worth the …risk and what options are available based upon overall gains. Logistics drive companies and bring reality into the game to reduce overspending and unnecessary risk. ( Full Answer )
What is Inbound Logistics and Outbound Logistics?
Inbound Logistics is the transportation storing and delivering ofgoods which is coming into the location of the business whereasOutbound Logistics is the transportation of goods which is goingout of the business location. It is essential for the Logistics managers to ensure the efficiencyof networks… distributing the goods and reduce the transportationand storage cots associated with the company. ( Full Answer )
What are logistical factors?
Logistical factors are delivery issues, how to get the people or products you need in a given place at a given time. In military terms it has to do with ensuring the supply of food and weapons and fuel, etc. that are needed by armies in the field. Businesses also deal with logistical issues, which… involve importing and exporting. ( Full Answer )
What logistic services does Kenco Logistics offer?
Kenco was founded in 1950 in Chattanooga, Tennessee. Some of the logistic services provided by Kenco are public warehousing, handling of materials, real estate management and transportation management.
Which international companies dominate the logistics market?
There are many international logistics companies. The most dominant companies include 'DHL Logistics', 'DB Schenker Logistics', 'CEVA Logistics' and 'DSV'.
What is the plural of logistic?
The word 'logistic' is an adjective. Adjectives do not have plural forms. The noun form is logistics, an uncountable (mass) noun, a plural form that has no singular form. The noun 'logistics' is an uncountable noun called an aggregate noun, a word representing an indefinite number of elements or …parts. ( Full Answer )
What is the market cap for China Auto Logistics Inc CALI?
As of July 2014, the market cap for China Auto Logistics Inc. (CALI) is $8,230,163.76.
What is the market cap for Arc Logistic Partners LP ARCX?
As of July 2014, the market cap for Arc Logistic Partners LP (ARCX) is $328,193,190.70.
What is the market cap for Sunoco Logistics Partners LP SXL?
As of July 2014, the market cap for Sunoco Logistics Partners LP (SXL) is $9,573,995,164.16.
What does the suffix -logist?
indicating a person skilled or involved in a branch of study denoted by a noun ending in -logy (such as biologist corresponding to biology)..
What is a logistics company?
A logistics company is a company that participates, in some way, inthe movement of goods along a supply chain (for example, frommanufacturer to distributor to retailer). Examples of logisticscompanies include companies that physically move the goods suchtrucking companies (like Schneider or YRC Frei…ght), packagedelivery companies (FedEx or UPS), and railroads (CSX). It wouldalso include companies that store the goods in warehouses. Thereare also companies that simply manage the logistics or who consultwith large companies on their logistics process. Although the name itself is relatively new, logistics has beenaround as long as humans have traded goods. When the Bronze Agemetal workers needed copper and tin from distant lands to createbronze, trade routes were established and became an important partof the development of many cultures. ( Full Answer )
What is a 'depot' in logistics?
A "depot" is a building in which goods are stored centrallyawaiting distribution to retail outlets. It will be sighted incentral location with good transport links.