LOGISTICS AND SUPPLY CHAIN MANAGEMENT GROUP THREE ASIGNMENT-1.pptx

Logistics and supply chain

1. LOGISTICS AND SUPPLY CHAIN MANAGEMENT

2. TABLE OF CONTENT INTRODUCTION REASONS WHY LOGISTICS MATTERS IN SUPPLY CHAIN MANAGEMENT (5) POINTS CONCLUSION REFERENCES

3. INTRODUCTION LOGISTICS Logistics is a critical component of supply chain management that involves planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption.

4. INTRODUCTION CON’T Effective logistics management ensures that products are delivered on time, at the right place, in the right condition, and at the optimal cost. This foundational role in supply chain management highlights its importance in achieving organizational goals and customer satisfaction

5. INTRODUCTION CON’T SUPPLY CHAIN MANAGEMENT Supply chain management (SCM) is the centralized management of the flow of goods and services and includes all processes that transform raw materials into final products. By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster and more efficiently.

6. INTRODUCTION CON’T As supply chain management controls the development of raw materials into finished goods that move from the supplier to producer to warehouse to retailers and/or consumers, logistics focuses on the efficient and cost effective delivery of goods to the customer. Logistics thus forms part of supply chain management.

7. WHY LOGISTICS MATTERS IN SUPPLY CHAIN MANAGEMENT Enhances Customer Satisfaction Efficient logistics management ensures that products are delivered to customers accurately and on time. By reducing delivery times and ensuring the safe arrival of products, companies can meet or exceed customer expectations. This leads to higher customer satisfaction and loyalty, which are crucial for maintaining a competitive edge in the market. Example: Retail giants like Walmart use sophisticated logistics systems to maintain high levels of customer service and satisfaction, contributing to their market dominance.

8. WHY LOGISTICS MATTERS IN SUPPLY CHAIN MANAGEMENT CON’T Reduces Operational Costs Effective logistics management optimizes the use of resources, including transportation, warehousing, and inventory. By streamlining operations, companies can reduce waste, minimize excess inventory, and lower transportation costs. This cost-saving aspect directly impacts the bottom line, enabling companies to invest in other areas of the business. Example: Companies like Amazon have invested heavily in logistics technology and infrastructure to reduce shipping costs and delivery times, enhancing their competitive edge.

9. WHY LOGISTICS MATTERS IN SUPPLY CHAIN MANAGEMENT CON’T Improves Supply Chain Efficiency Logistics involves coordinating various activities such as transportation, warehousing, and inventory management. Efficient logistics ensures that these activities are seamlessly integrated, leading to a more efficient supply chain. Improved efficiency means faster turnaround times, reduced lead times, and better overall supply chain performance. Example: Toyota’s Just-In-Time (JIT) inventory system relies on precise logistics to ensure that parts arrive exactly when needed, reducing inventory costs and improving efficiency.

10. WHY LOGISTICS MATTERS IN SUPPLY CHAIN MANAGEMENT CON’T Enhances Risk Management Logistics management involves identifying potential risks in the supply chain, such as transportation delays, natural disasters, or geopolitical issues. By having robust logistics strategies and contingency plans in place, companies can mitigate these risks, ensuring continuity of supply and minimizing disruptions to operations. Example: During the COVID-19 pandemic, many companies adjusted their logistics strategies to manage supply chain disruptions, ensuring the continuous flow of essential goods.

11. WHY LOGISTICS MATTERS IN SUPPLY CHAIN MANAGEMENT CON’T Supports Globalization and Market Expansion In today’s globalized economy, logistics plays a pivotal role in enabling companies to expand their markets internationally. Efficient logistics systems allow businesses to source materials globally, distribute products to various markets, and manage complex international supply chains. This capability supports market expansion and opens up new revenue streams. Example: Coca-Cola global expansion relies heavily on its sophisticated logistics network. By efficiently managing the transportation and distribution of its product worldwide, Coca-Cola can maintain consistent quality and availability in over 200 countries, supporting its market dominance and growth.

12. CONCLUSION Logistics is an essential component of supply chain management that significantly impacts customer satisfaction, operational costs, supply chain efficiency, risk management, and global market expansion. By optimizing logistics processes, companies can enhance their overall supply chain performance, achieve cost savings, and remain competitive in an increasingly globalized market. The integration of effective logistics strategies is vital for the success and sustainability of modern businesses.

13. REFERENCES Asare , R., & Bempah , S. A. (2020). Logistics and Transportation Management in Ghana. University of Ghana Press. Amponsah , W. A. (2018). Supply Chain Management in Ghana: Challenges and Opportunities. Ghana Journal of Supply Chain Management. Christopher , M. (2016). Logistics & Supply Chain Management. Pearson UK. Chopra , S., & Meindl , P. (2019). Supply Chain Management: Strategy, Planning, and Operation. Pearson. Rushton , A., Croucher , P., & Baker, P. (2017). The Handbook of Logistics and Distribution Management. Kogan Page Publishers. Simchi -Levi , D., Kaminsky , P., & Simchi -Levi, E. (2021). Designing and Managing the Supply Chain: Concepts, Strategies, and Case Studies. McGraw-Hill Education. Murphy , P. R., & Knemeyer , A. M. (2018). Contemporary Logistics. Pearson.

14. GROUP THREE NAMES ID NUMBERS MARY ACKOM PUCM/200002 AMOBI BEATRICE ADOLEY PUCM/200106 AMPAH NKANSAH GIFTY PUCM/200084 DAISY TRACY KWAKYE PUCM/200088 ESHUN SABENA PUCM/200133 AGYEMANG ROSE ESSAH PUCM/200114