Logistics and Supply Chain Management

📋 Course Outline

1. Logistics and Supply Chain Foundations
2. Logistics Phases and Utilities
3. Supply Chain Types and Reverse Flows
4. Cost Value and Competitive Strategy
5. Trade Offs and Cooperative Planning
6. Technology Megatrends in Logistics
7. Value Chain and SCM Activity Models

📖 1. Logistics and Supply Chain Foundations

🔑 Key Concepts & Definitions

• Logistics : the part of supply chain management that plans, implements, and controls the efficient flow and storage of goods, services, and information from origin to consumption
• Supply Chain : a network of organizations linked upstream to suppliers and downstream to distributors to create value for the final consumer
• Total Systems Management : making trade-offs so that the whole system benefits rather than only one department

📝 Essential Points

• The seven logistics requirements are:
  • the right product
  • the right quantity
  • the right condition
  • the right place
  • the right time
  • the right customer
  • the right price

💡 Memory Hook

Logistics moves and stores goods; SCM integrates the entire network.

📖 2. Logistics Phases and Utilities