What are the major components of logistic system?
The five elements of logistics
- Storage, warehousing and materials handling.
- Packaging and unitisation.
- Inventory.
- Transport.
- Information and control.
What are the six basic components of logistics system and how it should works?
These activities include transportation, storage, order processing, inventory control, planning, accounting, and packaging.
What are the logistics information systems?
A logistics management information system (LMIS) is a system of records and reports – whether paper-based or electronic – used to aggregate, analyze, validate and display data (from all levels of the logistics system) that can be used to make logistics decisions and manage the supply chain.
What are the main objectives of logistics information system?
The basic goal of an information system within logistics management is to make successful connections between suppliers, consumers, and competitors. Depending on the logistics management decision, the mode of making these connections can be offensive or defensive.
What are the 3 logistics objectives?
The logistics strategy comprises three objectives (i) cost reduction, (ii) capital reduction, and (iii) service improvement. The cost reduction strategy is aimed at reducing the variable cost related to the movement and storage of goods.
What are the advantages of logistic information system?
It makes the firm more competitive, by making better tactical and strategic decision for the benefits of the firm and its customer. Helps provide customers information regarding product availability, order status, and delivery schedules promoting customers service.
What is the role of information and control in logistics?
Logistics information systems provide information on goods and follow their delivery path, with their progress and status, and the influence of changes on the purchasing, production, warehousing, financial and accounting systems. For commercial reasons, the transporter may not actually know the details of the goods.
What are the types of reverse logistics?
The following are common types of reverse logistics.
- Returns. Handling customer returns of goods such as claims under a warranty.
- Returns Avoidance.
- Remanufacturing.
- Refurbishing.
- Packaging.
- Unsold Goods.
- End-of-Life.
- Delivery Failure.