Basics of Logistics and Supply Chain Management - MITSDE - PowerPoint PPT Presentation

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Basics of Logistics and Supply Chain Management - MITSDE

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Looking for course in Logistics and Supply Chain Management? Then you can opt for MIT School of Distance Education. MITSDE is the distance learning campus of MAEER’s MIT, Pune. If this field enthralls you then you should know some basics of Logistics and Supply Chain Management. The MBA-equivalent PGDM in Logistics and Supply Chain Management at MITSDE will widen your knowledge as well as hone your skills. – PowerPoint PPT presentation

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Title: Basics of Logistics and Supply Chain Management - MITSDE


1
MIT School of Distance Education
  • Basics of Logistics and Supply Chain Management

2
MITSDE
  • About us
  • MIT School of Distance Education (MITSDE) is an
    integral constituent of MAEER's MIT Pune,
    established in the year 2008. 
  • MITSDE is built on the culture of ambition,
    innovative thinking and with the aim to create
    the change in pursuing higher education.

3
  • MITSDE offers courses like Diploma, Post Graduate
    Diploma and PGDBA courses in the fields such as
    Marketing Management, Finance, HR, Operations,
    Information Technology, Supply Chain Management,
    Risk and Insurance Management, Fire and Safety
    Management, Retail Management, Material
    Management and more.

4
Basics of Logistics and Supply Chain Management
  • The sphere of Logistics and Supply Chain
    Management is ever-burgeoning, due to the rise in
    online shopping. A lot of companies are operating
    in the niche and many more start-ups are joining
    the race. These companies need professionals who
    can manage the supply chain successfully and
    allow the companies to maximize their profits. In
    such a scenario, a course in Logistics and Supply
    Chain Management seems indispensable to
    capitalize the market. 

5
  • That is why MIT School of Distance Education
    (MIT-SDE) offers a Post Graduate Diploma in
    Management (PGDM) in this specialization to
    prepare the aspirants and to aid them in landing
    with a high-flying career in the field.  The
    course familiarizes the candidates with the
    basics of Logistics and Supply Chain Management.
    Some of the vital fundamentals are described here.

6
Logistics and Supply Chain
  • By the definition, Logistics refers to the
    process of sending the right product in the right
    conditions quantity at the right cost to the
    right customer at the right place and time (7R).
    Supply Chain, on the other hand, refers to a
    network of organizations, people, resources,
    activities, and technology that is used to
    deliver a product from the manufacturing units to
    the end users. Logistics include the activities
    that take place in an organization while Supply
    Chain includes a network of companies/people who
    coordinate together in delivering the product.

7
Supply Chain Management
  • Supply Chain Management refers to the task of
    managing the supply chain in order to achieve
    optimum efficiency throughout the chain. It
    includes coordination of people who are involved
    in the task of inventory management, production
    and transportation.  

8
Logistics Management
  • Logistics management refers to the process of
    effectively managing the daily activities of the
    company that are associated with the production
    of finished products. It is an efficient
    logistics management that ensures that the right
    product is delivered to the right customers.

9
Types of Logistics
  • There are different types of logistics based on
    the type of movement and activities involved.
    These include  

10
Inbound and Outbound Logistics
  • Inbound logistics is associated with the movement
    of products (raw materials) from the suppliers to
    the manufacturing units to facilitate the
    manufacturing of finished goods. On the other
    hand, outbound logistics is concerned with the
    movement of finished goods from the manufacturing
    units/organizations to the end users.  

11
International or Global Logistics
  • International Logistics or Global Logistics is
    concerned with the process of managing overseas
    activities successfully.

12
3PL and 4PL Logistics
  • 3PL and 4PL logistics are the buzzwords of the
    present times where 3PL stands for third-party
    logistics and 4PL refers to fourth party
    logistics. Both 3PL and 4PL are related to the
    process of outsourcing some or most of the
    activities involved in the logistics. Many
    companies who lack in technology, resources and
    feel the burden of operational complexities often
    tend to outsource.

13
  • Some companies outsource single activities like
    transportation while some export chief activities
    of supply chain like order processing,
    consulting, inventory management, etc. which
    comes under 3PL Logistics. While 3PL is directly
    outsourcing from the third party, 4PL involves
    another party that works on behalf of the company
    to oversee 3PL providers, design the supply chain
    network and to manage all the daily operations.  

14
Conclusion
  • So, these were some basics of Logistics and
    Supply Chain Management. If this field enthralls
    you, then you can pursue our MBA-equivalent PGDM
    in Logistics and Supply Chain Management and
    widen your knowledge as well as hone your skills.
    The course at MITSDE will surely assist you in
    grabbing a decent position in top companies.
    MITSDE is one of the Distance MBA college in
    Pune, India.

15
  • THANK YOU
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