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Logistics Overview

After this unit you should be able to answer following questions
a. Concept Questions /Short notes Questions
1. Logistics
2. Logistical Management
3. Origin or genesis of Logistics
4. Military Logistics
5. Functions of logistics
6. Importance of logistics
7. Causes of bad logistics
8. Operating Objectives
9. Life cycle support
10. Reverse logistics
11. Commodities market
12. Supply Chain Management
13. Internal integration
14. External organization
15. ‘Co-operation is better than competition’
16. Total Cost Approach
17. Logistical Competency  
18. Logistical Mission
19. Role of planning in logistics management
20. Logistics interface with marketing
21. Inbound logistics
22. Outbound logistics
23. Importance of 3Cs
D. Review all the past university question papers. You should be able to answer questions from the portion ‘Overview of Logistics function’ as described below
1. What is the meaning and concept of logistics? Define Logistical Management.
2. What is the Importance of Logistical Management?
3. What are the Operational objectives of logistics? Explain.
4. What are Logistical functions? Explain
5. Comment on Logistical Interfaces with production & marketing.

ELEMENTS OF LOGISTICS MANAGEMENT
WHAT IS LOGISTICS?
Logistics is concerned with getting the products and services where they are needed and when they are desired. It is difficult to accomplish any marketing or manufacturing without logistical support. It involves the integration of information, transportation, inventory, warehousing, material handling, and packaging.
The operating responsibility of logistics is the geographical repositioning of raw materials, work in process, and finished inventories where required at the lowest cost possible.
The formal definition of the word ‘logistics’ as per the perception of Council of Logistics Management is the process of planning, implementing and controlling the efficient, effective flow and storage of goods,...