Learning Objectives
5 objectives- Explain the fundamental concepts and importance of logistics and distribution management within supply chain operations.
- Analyze supply chain network design principles to optimize product flow and customer service while minimizing costs.
- Apply inventory management techniques to control and optimize inventory levels effectively.
- Evaluate transportation and warehouse management strategies to improve efficiency and reduce operational costs.
- Assess the role of technology and international logistics in enhancing supply chain performance and global coordination.
Content Outline
PreviewUnit 1120: Logistics and Distribution Management
1. Introduction to Logistics and Distribution Management
- Definition and scope of logistics and distribution management
- Role within supply chain operations
- Key concepts: logistics, distribution, supply chain integration
- Core functions: transportation, warehousing, inventory management, order fulfillment
- Importance of logistics in business competitiveness and customer satisfaction
2. Supply Chain Network Design
- Principles of supply chain network design
- Strategic vs. tactical network decisions
- Factors influencing network design: customer demand, costs, service levels
- Network design strategies: centralized vs. decentralized, direct shipping, cross-docking
- Tools and techniques: network optimization models, simulation, scenario analysis
3. Inventory Management
- Objectives of inventory management
- Inventory types: raw materials, work-in-progress, finished goods
- Techniques:
- ABC analysis for prioritizing inventory
- Economic Order Quantity (EOQ) model
- Safety stock calculation and service level considerations
- Just-In-Time (JIT) inventory system
- Balancing inventory costs and service levels
4. Transportation Management
- Overview of transportation in logistics
- Modes of transportation: road, rail, air, sea, pipeline
- Transportation strategies and planning
- Carrier selection and freight cost management
- Role of transportation technologies: GPS tracking, route optimization
5. Warehouse Management
- Warehouse roles and types
- Warehouse design and layout principles
- Warehouse operations: receiving, storage, picking, packing, shipping
- Warehouse performance metrics
- Technologies in warehouse management: Warehouse Management Systems (WMS), automation, robotics
6. Packaging and Materials Handling
- Purpose and functions of packaging in logistics
- Packaging design considerations: protection, cost, sustainability
- Sustainable packaging practices
- Materials handling equipment and techniques
- Impact on supply chain efficiency and safety
7. Reverse Logistics and Returns Management
- Definition and importance of reverse logistics
- Processes for product returns, recycling, remanufacturing, and disposal
- Strategies to minimize waste and recover value
- Challenges in reverse logistics management
8. Technology in Logistics
- Emerging and established technologies in logistics
- Internet of Things (IoT) for real-time tracking and monitoring
- Radio Frequency Identification (RFID) applications
- Warehouse Management Systems (WMS) and Transportation Management Systems (TMS)
- Data analytics and decision support systems
9. International Logistics and Global Supply Chains
- Unique challenges of international logistics
- Customs regulations and trade compliance
- Cross-border transportation and documentation
- Managing global supply chain coordination
- Risk management in international logistics
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