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Logistics and SCM: Difference between revisions
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== Logistics == | == Logistics and SCM == | ||
* '''''[[w:Logistics|Logistics]]''' is the [[w:process|process]] that integrates and co-ordinates the elements within the [[w:supply chain|supply chain]]'' ( Teacher slide core wikified ) | |||
::: to ensure the best possible [[w:material flow|flow of materials]] and [[w:information|information]] | |||
* '''''[[w:Logistics|Logistics]]''' deals with the flows and storages of [[w:good (economics)|good]]s, [[w:services (economics)|services]] and related information'' ( Council of Supply Chain Management ) | |||
* '''[[w:Logistics|Logistics]]''' is the [[w:management|management]] of the flow of [[w:resources|resources]] between the point of origin and in order to meet some requirements, for example, of customers or corporations. The resources managed in logistics can include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as time, information, particles, and energy. The logistics of physical items usually involves the integration of information flow, [[w:Materials management|material handling]], [[w:Production (economics)|production]], [[w:packaging|packaging]], [[w:inventory|inventory]], [[w:transportation|transportation]], [[w:warehousing|warehousing]], and often [[w:security|security]]. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources is a common motivation. ( Wikipedia ) | * '''[[w:Logistics|Logistics]]''' is the [[w:management|management]] of the flow of [[w:resources|resources]] between the point of origin and in order to meet some requirements, for example, of customers or corporations. The resources managed in logistics can include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as time, information, particles, and energy. The logistics of physical items usually involves the integration of information flow, [[w:Materials management|material handling]], [[w:Production (economics)|production]], [[w:packaging|packaging]], [[w:inventory|inventory]], [[w:transportation|transportation]], [[w:warehousing|warehousing]], and often [[w:security|security]]. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources is a common motivation. ( Wikipedia ) | ||
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=== Notes from slides === | === Notes from slides === | ||
* '''[[w:Material flow|Material flow]]''' (MF) is the description of the transportation of raw materials, pre-fabricates, parts, components, integrated objects and finally products as a flow of entities. The term applies mainly to advanced modeling of [[w:Supply chain management|Supply chain management]]. As industrial material flow can easily become very complex [[w:Plant Simulation|Plant Simulation]] Software has been developed to simulate, visualize, analyze and optimize these processes. ( Wikipedia ) | * '''[[w:Material flow|Material flow]]''' (MF) is the description of the transportation of raw materials, pre-fabricates, parts, components, integrated objects and finally products as a flow of entities. The term applies mainly to advanced modeling of [[w:Supply chain management|Supply chain management]]. As industrial material flow can easily become very complex [[w:Plant Simulation|Plant Simulation]] Software has been developed to simulate, visualize, analyze and optimize these processes. ( Wikipedia ) | ||
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* '''[[w:Value chain management capability|Value chain management capability]]''' refers to an organisation’s capacity to manage the internationally dispersed activities and partners that are part of its [[w:value chain|value chain]]. ( Wikipedia ) | * '''[[w:Value chain management capability|Value chain management capability]]''' refers to an organisation’s capacity to manage the internationally dispersed activities and partners that are part of its [[w:value chain|value chain]]. ( Wikipedia ) | ||
'''4 strategic decisions''' | '''4 strategic decisions''' | ||