Council of Logistics Management
McGraw-Hill/Irwin
Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved.
Components of Logistics Management
Financial resources Information resources
Logistics management
Raw In-process materials inventory Finished goods
Time and Customers place utility Efficient movement to customer Proprietary asset
CHAPTER 1
Logistics’ Role in the Economy and the Organization
Logistics Management Defined
1-3
That part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point-of-origin to the point-of-consumption in order to meet customers’ requirements.
• • • • • • Customer service levels Transportation costs Warehousing costs Order processing/information systems costs Lot quantity costs Inventory carrying costs
