Basics of Logistics and Supply Chain Management - MITSDE

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MIT School of Distance Education

• Basics of Logistics and Supply Chain Management

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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.

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• 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.

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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. 

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• 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.

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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.

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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.  

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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.

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Types of Logistics

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

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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.  

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International or Global Logistics

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

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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.

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• 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.  

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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.

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• THANK YOU