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Logistic Management (Module 4) - MIpranum, Rjay

This document contains a student's assessment responses from a logistics management module. The student learned that logistics is an essential part of supply chain management, involving planning and managing the movement of goods, services, and information from origin to consumption. Logistics aligns transportation, shipping, inventory, and other operations to deliver products smoothly and cost-effectively. As global trade increased, logistics became critical for managing resources and meeting consumer demand. Companies realized they could lower costs through efficient logistics systems. The student finds third-party logistics and logistics outsourcing difficult to understand fully in the context of logistics management.

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Aileen Mifranum II
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23 views

Logistic Management (Module 4) - MIpranum, Rjay

This document contains a student's assessment responses from a logistics management module. The student learned that logistics is an essential part of supply chain management, involving planning and managing the movement of goods, services, and information from origin to consumption. Logistics aligns transportation, shipping, inventory, and other operations to deliver products smoothly and cost-effectively. As global trade increased, logistics became critical for managing resources and meeting consumer demand. Companies realized they could lower costs through efficient logistics systems. The student finds third-party logistics and logistics outsourcing difficult to understand fully in the context of logistics management.

Uploaded by

Aileen Mifranum II
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MIPRANUM, RJAY L.

LOGISTIC MANAGEMENT – A

MODULE 4

ASSESSMENT

1. What’s the most important thing you learned today? Why do you think so?

Logistics is an essential component of supply chain management. It involves the


planning, carrying out and management of goods, services, and information from the
point of origin to the point of consumption. Logistics aligns the complex pattern of traffic
and transportation, shipping and receiving, import and export operations, warehousing,
inventory management, purchasing, production planning, and customer service.
Companies see logistics as a critical blueprint of the supply chain. It is used to manage,
coordinate and monitor resources needed to move products in a smooth, timely, cost-
effective and reliable manner. As the global economy moved into the 21st Century,
logistics became a critical part of supply chain management and consumer demand. In
less than two decades, logistics management has influenced product movement to
meet or exceed consumer demand. Companies saw they could lower costs and
increase productivity by managing logistics on a system theory and managing the
company as a whole to boost performance.
By creating partnerships with suppliers, shipping services and warehouse, and
connecting these services through automated systems, the logistics of getting products
to the consumer are improved with reduced overhead costs and faster delivery.
Understanding how the logistics system theory works require strategic planning when
calculating what will be needed while focusing on obtaining materials and managing
how quickly products are produced to help ensure swift delivery to the consumer.
Simplifying communication and services between multiple departments help create a
workflow blueprint that reduces costs by increasing visibility and improving the overall
understanding of company needs. Cost savings is created by reducing warehousing
costs and purchasing based on supply forecasts, better inventory management, reliable
shipping and timely delivery to the end-user.

REFLECTION

1. What topic do you find difficult to understand?


I find difficult in Third-party logistics, also called logistics outsourcing or
contract logistics, continues to be one of the most misunderstood terms in logistics
and SCM. How it really works in Logistic management.

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