Logistic Textbook Presentation

Logistics, the supply chain and competitive strategyLogistics and Supply chain IntroductionLogistics is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related information flows) through the organisation and its marketing channels in such a way that current and future profitability are maximised through the cost-effective fulfilment of orders.Logistics is:Planning orientation and framework Seeks to create a single plan for the flow of products and information through a business. Supply Chain - DefinitionSupply chain management is: the integration different activities which includes:supplier selection, systems management,operations, purchasing, material inventory turn management, material scheduling, order processing, transportation, cash disbursement, ccustomer serviceHelps the company to attain competitive edge IntroductionSupply chain practices, logistics and their effects have received considerable attention over the last two decades. In the recent past, the need for integration across supply chains has been identified as a key for effective and efficient operations of supply chains. Supply Chain ManagementSupply chain management links all the supply interacting organizations in an integrated two way communication system to manage high quality inventory in the most effective and efficient manner so as to provide value to the consumers. The supply chain includes:Internal stakeholders External stakeholder such