logistics management synopsis
TRANSCRIPT
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A Synopsis
On
LOGISTIC MANAGEMENT
By
SHAGUN VASISHAT
(Registration No. 511135039)
A synopsis report submitted in partial fulfillment of the requirements
for the degree of Master of Business Administration of
Sikkim Manipal University, INDIA
Sikkim Manipal University of health, Medical and technological science
Distance Education wing
Syndicate House, Manipal 576104
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DECLARATION
I hereby declare that the Synopsis Report entitled:
A Synopsis Report on LOGISTIC MANAGMENT submitted in partial
fulfillment of the requirement for the degree of Masters of Business
Administration to Sikkim Manipal University, India, is my original work and
not submitted for the award of any other degree, diploma, fellowship, or any
other similar title or prizes.
Place: DELHI
Date: .
SHAGUN VASISHAT
(Registration No. 511135039)
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CERTIFICATE
The Synopsis Report ofSHAGUN VASISHAT (Registration No. 511135039)
on Logistic Management is approved and is acceptable in quality and form.
Internal Examiner External Examiner
(_______________) (_______________)
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TABLE OF CONTENTS
Page No
Executive Summary
Introduction
Objective
Research Methodology
Analysis
Conclusions
Bibliography
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TITLE OF THE PROJECT
LOGISTIC MANAGEMENT
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INTRODUCTION TO THE TOPIC
This is a Project work undertaken in context of partial fulfillment of the MBA.
Logistics is the art and science of managing and controlling the flow of goods,
energy, information and other resources like products, services, and people,
from the source of production to the marketplace. It is difficult to accomplish
any marketing or manufacturing without logistical support. It involves the
integration of information, transportation, inventory, warehousing, material
handling, and packaging. The operating responsibility of logistics is the
geographical repositioning of raw materials, work in process, and finished
inventories where required at the lowest cost possible.
Logistics management is that part of the supply chain which plans, implements
and controls the efficient, effective forward and reverse flow and storage of
goods, services and information between the point of origin and the point of
consumption in order to meet customers' requirements. A professional workingin the field of logistics management is called a logistician.
Logistics as a business concept evolved only in the 1950s. This was mainly due
to the increasing complexity of supplying one's business with materials and
shipping out products in an increasingly globalized supply chain, calling for
experts in the field who are called Supply Chain Logisticians. This can be
defined as having the right item in the right quantity at the right time at the right
place for the right price and it is the science of process having its presence in all
sectors of the industry. The goal of logistics work is to manage the fruition of
project life cycles, supply chains and resultant efficiencies.
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OBJECTIVE OF THE STUDY
The main objective of this research is to investigate the Logistic Management
System in India by the various Industries.
1. The Objective of the study of Logistic Management used by various
Industries in India.
2. To know the role of Logistic Management in the Industries.
3. To know the importance of Logistic Management.
4. To know the types of Logistic Management System.
5. To know the Development of Logistic Management.
6. To gain knowledge of the various tools and their features through
observation method and through secondary data
7. To make available the right quantity of right quality products at the right
place and time in right condition.
8. To offer best service to consumers.
9. To reduce the cost of operations.
10.To maintain transparency in operations.
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RESEARCH METHODOLOGY
To achieve the objective of studying the Logistic Management data has been
collected.
Research methodology carried for this study can be two types
1. Primary
2. Secondary
PRIMARY:
The data, which has being collected for the first time and, it is the original data.
In this project the primary data has been taken from Logistic Management
Department staff and guide of the project.
Information collected with the help of Questionnaire for analyzing Logistic
Management service.
Observation method was used for understanding various tools used in Logistic
Management and their features.
SECONDARY:
The secondary information is mostly taken from websites, books, journals, etc.
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Limitations
The time constraint was one of the major problems.
The study is limited to the different Logistic Management service used by the
various Industries.
The study is limited in selected Industries only.
The lack of information sources for the analysis part.
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Conclusion
The universe everyday is witnessing unimaginable growth in majority of the
industries. The logistics and freight industry is one such industry that is rapidly
growing. Worldwide logistics industry is distinguished by fast technological
advances and is growing rapidly than most other industries over the past years.
With stiff competition around, the company is likely to reduce the profitability
But with proper management of operations and by proper customer desired
services, and also effectively utilizing its alliances it can maintain and improve
the performance. Joint operational ventures for developing the customized
services for its steady growth. The organization has enormous opportunities to
grow beyond the expectations.
Lintas Freight& Logistics LLC has come a long way from being just a service
provider. The organization now has the value of being an ultimate service
provider for Freight, Transportation, Cross-docking and Value Adding as per
customer needs. The present scenario and the future of the organization with
regard to the management are satisfactory. The organization can increase the
market share by improving with more state of art technology. The organization
can diversify into related other business areas like Warehouses for lease to other
organizations, state of art technology providers for other organizations. More
importance is to be given for HR development by having a separate departmentfor it. With the development of such a department, several favourable impacts
such as increase in out put per employee, increased loyalty, team spirit etc can
be generated.
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As far as Lintas Freight & Logistics LLC is concerned it can be
stated that through its excellent service and aggressive logistics service,
organization has shown a noticeable increase in the market share. However,
there are some areas where the company is not at the top-most position but it
can certainly gear up in the near future and is committed to acquire that spot.
On implementation of the above recommendations, the management can lead
Lintas to the top most position when bench marked in the coming years.
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Bibliography
Reference:
a) Logistical Management Tata McGraw 2000 Edition.
Written by Donald. Bowersox, and David. Closs.
b) The Management of Business Logistics 7th
Edition:
Written by Edward J. Bardi, C.John Langley, and John Joseph Coyle
c) Logistics and Supply Chain Management: Creating Value - Adding
Networks
Written by Martin Christopher.
d) Council of Logistics Management, www.clm1.org
e) Integrated Business Communications Alliance, www.ibcaweb.org
f) Amrit Tiwana, The Knowledge Management Tool kit, First Indian reprint
2000, Prentice Hall of India.
g) Performance measures and metrics in a supply chain environment
h) A Gunasekaran, C Patel, E Tirtiroglu - International Journal of
Operations & Production Management
i) Hugos, Michael, 2003, Essentials of Supply Chain Management, John
Wiley & Sons.
j) Supply Chain Management Research Center, www.cio.com/research/scm
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Websites:
i) Source: http://www.idsc.com.sg/images/service_logistics_img1.jpg
ii) http://www.indexuae.com/Top/Business_and_Economy/Services/Logisti
cs
iii)http://www.lintasfreight.com/
iv) http://www.uae-shipping.net/Lintas-Freight-Logistics-L.L.C..html
v) www.ittoolbox.com
vi) www.techrepublic.com
vii) www.allboutscm.com
viii) http://en.wikipedia.org/
ix) http://google.co.in