Logistics is a process that starts with a requirement and finishes with the fulfillment of that requirement. In ecommerce ventures, logistics are the processes of shipping order to customers or transporting an inventory to a merchant. Originally, logistics was used in the military to coordinate the delivery of soldiers and weapons to the right place at the right time. Logistics is used more broadly to refer to the process of coordinating and moving resources - people, materials, inventory, and equipment - from one location to storage at the desired destination. Marks:2 (Select one answer) To set a high standard for service delivery time and meet this standard consistently. Logistics is used more broadly to refer to the process of coordinating and moving resources - people, materials, inventory, and equipment - from one location to storage at the desired destination. 2) Specified quantity necessary to qualify a shipment for a carload rate. The transport and logistics industry can seem to have its own language, with more than 5,000 acronyms, words, phrases and terms alongside formal legal definitions. This person or entity is the shipment receiver and generally the owner of the shipped goods. Global logistics refers to the flow of resources and information between a business or source and the consumer. In other words, logistics manages forward and reverse merchandise flows. Outline the steps involved in logistics . That part of the Supply Chain management process that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers' requirements. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption in order to meet requirements of customers or corporations. Logistics refers to the movement of goods from Point A to Point B, which entails two functions: transportation and warehousing. It is considered as one of the most rapid developing fields of Supply Chain network, resulting to constant adjustments in scope and significance. "Logistics worker," as a term, can include shipping clerks, managers, analysts, and engineers. When a product is moved through the supply chain network from the distributor to the customer, this is the traditional logistics, or "forward logistics". . While back then the term was apparently reduced to numerical computation skills, its importance increased dramatically in the 19 th century, when Napoleon made logistical operations a major part of the French war strategy, understanding what is . In Roman and Byzantine times, the title of the military administrative official was known as ''Logista''. handling of operations is a part of the logistics industry, and the need to perform efficient and cheap operations is of utmost importance in the modern competitive world. The term logistics originated in the military, referring to the movement of equipment and supplies to troops in the field. It is a management process that analyzes how resources are acquired, stored and transported. In simple words, "Reverse Logistics" include all the procedures related to product returns due to damage, replacements, recalls, seasonal inventory, maintenance, recycling, refilling or reprocessing. To be effective, the process requires detailed analysis of a company's entire supply chain. But you don't have to get a Master's or even a Bachelor's to benefit from logistics training. In simple words, in Traditional logistics, the goods are . Related terms: Logistics definition, the branch of military science and operations dealing with the procurement, supply, and maintenance of equipment, with the movement, evacuation, and hospitalization of personnel, with the provision of facilities and services, and with related matters. Logistics management is a subset of the larger supply chain management. Logistics management is a supply chain management component that is used to meet customer demands through the planning, control and implementation of the effective movement and storage of related information, goods and services from origin to destination. Freebase (2.50 / 2 votes) Rate this definition: Logistics. Learn more. Broadly, Logistics is: The management of resources or products when in storage and transit. When this happens, in order to fill an entire container, space in the container is split between orders and/or shippers. Some are equipped for cold fulfillment. Terminal Handling Charge (THC) Fees charged by ocean containers to move containers between terminals and ships (onloading and unloading), inspecting at terminal facilities, paid by shippers (manufacturers, importers and exporters). What does logistics mean? The resources managed in logistics may include tangible goods . Logistics costs are defined differently by different companies. . People who get advanced degrees in logistics or logistics-facing fields can often command huge salaries, sometimes in the six digits! In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations. Logistics is a very well-understood term. Consignment A freight order transported by a carrier. When logistics pros or others in the shipping industry use the abbreviation SSL, they're referring to a steamship line - sometimes with a space, i.e. It might involve shipping seeds and fertilizer to a grain farmer, sending harvested grain to a processing mill, trucking flour to an industrial . Logistics Management. The term logistics originated in the military, referring to the movement of equipment and supplies to troops in the field. Various logistics companies handle some or all of these supply chain functions, depending on a client's logistical needs. Logistics is the management of supply and transportation to deliver the goods on time and in good shape. Compliance In retail logistics, the term that refers to the regulations set by retailers for delivery of goods into their supply chain. Carload (C/L or CL) 1) Quantity of freight required to fill a railcar. Insurance normally is not included. Authors: S. Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W. Webb But it is warehouses that play a particularly important role . Meaning of logistics. The term "logistics" is having the right thing, at the right place, at the right time. Consignee The receiver of transported products. From: Agile Manufacturing: The 21st Century Competitive Strategy, 2001. Check out a sample Q&A here. According to NATO "Logistics is the science of planning and carrying out the movement and maintenance of forces.". Many types of logistics jobs demand advanced skills in math, computer science, and supply chain management. This includes shipment of raw materials to the manufacturer and movement of finished product to the customer. It is of vital importance for any military operation and, without it, operations could not be carried out and sustained. Logistics is the general management of how resources are acquired, stored and transported to their final destination. Cargo The footprint includes all the activities that are undertaken to maintain these logistic operations. The main focus of supply chain is a competitive advantage, while the main focus of logistics is meeting customer requirements. Logistics management helps companies reduce expenses and enhance customer service. What is meant by consignee? A Google search for logistics turns up 83 million hits. People. Liquid logistics is a specialized material-handling and transportation discipline that is used when moving liquid products through a supply chain . It involves planning, implementing, and overseeing the effective storage of goods and their transportation from the point of origin until the final destination (the point of consumption). B) The raw materials, components or other parts provided by vendors to an organization which are transformed from inputs to outputs. When they work in sync, operations are . of or relating to the philosophical attempt to reduce mathematics to logic. Logistics management is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related information flows) through the organization and its marketing channels in such as way that current and future profitability are maximized through the cost-effective fulfillment of orders. What is meant by the term Logistics? What does logistics mean in delivery?Shipping is the physical movement of your goods from one destination to another (e.g., from a warehouse to your customers) and one of many logistics processes. Logistics refers to the movement of goods from Point A to . However, any processes or management of the product . The . This is done for the purpose of meeting the requirements of customers. There is misunderstanding between logistics manifest and bill of lading. Consignor The originator of shipped products. It is a subset of supply chain management. What is the meant by the term logistics and briefly discuss theme of logistics: a) The term Logistics, was first associated with military use. It typically involves returning a product to the manufacturer or distributor or sending it along for processing in the final stages of the product's . Supply chain management plans, implements and controls the efficient flow of storage, goods, services and related information from the point of origin to the point of consumption. Expert Solution. Logistics refers to the synchronized processes that manage how your products are acquired, stored, and transported to their final destinations.What is mean by logistics What is meant by the term green reverse logistics? logistics: [noun, plural in form but singular or plural in construction] the aspect of military science dealing with the procurement, maintenance, and transportation of military matriel, facilities, and personnel. Different 3PL services companies specialize in different types of fulfillment and warehousing. Study with Quizlet and memorize flashcards containing terms like Select the best definition of supply chain. Transit Active listening. Logistics management is part of the supply chain. Transportation Definition: In business, at its most basic level, transportation is simply moving products and materials from one place to another. A term commonly used in connection with a bill of lading. Reverse logistics refers to all supply chain and logistics operations relating to the reuse and recyclability of products and materials. The Department of Labor reports the following skills as especially important in this field. Integrated logistics is defined as a supply-chain organization and business model in which departments, processes, resources, and flows are coordinated to all operate in the same direction. What does logistics mean in business? Meaning, Definition, & Objectives. The meaning of Reverse Logistics. Summarize logistics. A brilliant alternative to inland depots and centrally located national distribution centres, port-centric logistics allow you to store your shipment at the port thus reducing the number of handling stages throughout your storage and distribution process, saving both time . Want to see the full answer? Logistics management involves monitoring the flow of supplies between their origin and the final point of consumption. Logistics often goes hand in hand with the global supply chain. It includes a wide variety of tasks and activities, such as managing how raw materials or inputs are acquired and transported to the business, how inventory and inputs are stored at the business' facilities, and . The term logistics. Military officers called "logistikas" were responsible for ensuring the supply and allocation of resources, so that . the customer) to the point of origin (i.e. Marketing logistics is the process of distribution of goods and services from the producers to the target (ultimate) consumers that ensures the right product at the price, time, and place. logistic: [adjective] of or relating to symbolic logic. LCL is an acronym used in logistics, which means 'Less than Container-Load'. The main purpose of logistics is the flow of goods or things from the point . Logistics involves the integration of the production and delivery of a product or service in order to ensure efficient and effective management. Unless there are other instructions, the consignee is the entity or person legally required to be present to accept the shipment.