Logistics is concerned with the design and administration of processes to plan movement and geographical positioning of raw materials, work-in-progress and finished inventories at the lowest cost.
In this module you will analyse how logistics adds value to the overall supply chain, and where inventory can be strategically positioned to achieve sales.
You will examine how factors such as order management, inventory, transportation, warehousing and capacity need to be effectively and efficiently managed in order to support procurement, manufacturing and the customer supply chain requirements.
By the end of this module students will be able to:
Examine the fundamentals of logistics and their relationship with customer service and customer requirement.
Discuss fundamental logistics concepts and how logistics strategy must relate to business, marketing and manufacturing strategies and requirements.
Compare and contrast previous and current developments used in logistics management. Understand the impact of uncertainty on logistics management.
Evaluate inventory management, lean operations, and delivery performance techniques to successfully achieve business goals within time, cost and scope constraints.
Differentiate between logistics, operations management and supply chain at strategic, tactical and operation levels.