Definition: Logistics management refers to the comprehensive planning, organization and controlling of physical flow, storage and movement of materials, equipment, supplies, finished goods and related information from the point of origin to the point of consumption, to satisfy the customer’s needs, at...
Logistics and supply chain management is no longer just a discipline or an area of management: in today's competitive environment it is the way of running a business. Martin Christopher defines supply chain management as 'the management of upstream and downstream relationships with suppliers and ...
Logistics management functions that are a part of ERP systems are usually integrated with other business functions in the system, like sales, finance, procurement andhuman resources. More specialized logistics management applications focus onwarehouse management, transportation management, and supply chain p...
positioninventorythroughoutasupplychain.Assuch,thisunitdealsmainlywithlogisticsinthecontextofsupplychainmanagement.注释：berequiredto必须inventory库存assuch同样地，同量地inthecontextof在……情况下 课文意思：在整个供应链中，物流工作需要对库存物资进行移动和安置，同样地，在供应链管理下这部分工作也主要与物流有...
TheDefinitionofLogistics •Fromthepointofbusiness,logisticsisdefinedasbusiness-planningframeworkformanagementofmaterial,service,informationandcapitalflows.Itincludestheincreasinglycomplexinformation,communicationandcontrolsystemsrequiredintoday’sbusinessenvironment.•Logisticsisalsodefinedastheprocessofplanning,implementing,...
Industrial Management & Data SystemsThe relationship of logistics to supply chain management: Developing a common industry definition. Lummus R R,Krumwiede D W,Vokurka R J. Industrial Management and Data Systems . 2001Lummus, R. R., Krumwiede, D., & Vokurka, R. J. (2001). The ...
In practice, the terms “logistics” and “supply chain management” are now used interchangeably. Actually logistics and the Supply Chain are equivalent terms, so the Institute of Logistics (1998) gave the following definitions: 并从麻省理工学院为中心的运输与物流的定义是,物流涉及到“项目管理,信息...
supplying,provision,supply- the activity of supplying or providing something Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. logistics nounorganization,management,strategy,engineering,plans,masterminding,coordination,orchestrationthe logistics of getting such ...
Supply chain management and logistics are often thought of as one in the same, but the terms actually capture two distinct parts of what it means to move resources. Supply chain management is the larger network that connects global vendors, transportation companies, distributors and warehouses. Thi...
Logistics and supply chain management are closely related processes. But they are not entirely alike. They each make up a separate part of the commercial process. Picture supply chain management as the broader canvas. It encompasses an extensive network of functionaries that execute the movement of...