Transport and Logistics Case Study Example | Topics and Well Written Essays - 3000 words

Transport and Logistics - Case Study causeBasically the Greeks defined logistics as the science of Correct reasoning by means of mathematics. The depression modern use of the term was in military to identify the bear upon of prep and coordinating the work of army and weapon support systems. Good logistics brings out the ability to move faster and accurately to the battlefront. If iodine applies to the same to the business organization, it is ones ability to reach the product to the consumer at the right time, right place, and right amount of money and at lowest cost.With the increasing competition in the market place, managements starts focusing on customer service in the early 1950s in the developed markets such as Europe and the U.S. In the late 1960s about of the logistics concepts were tested. Following oil crises is 1976 and the concepts of Just-in-time (JIT) in manufacturing. Customer servicing standards were given more importance and new integrated logistics models an d solutions were born. The emergence of organized distribution system by departmental stores and super fast courier services, organizations gave a boost to logistics concepts and strategies. Today all businesses argon looking for seam little(prenominal) transaction systems to coordinate their information and substantive requirements along with the take account chain.Michel Porter in his famous book Competitive advantage has spoken of the value chain approach and emphasized logistics as one of the most important tools for competitive advantage. The various process and elements that are part of logistics as a discipline are1. Inbound logistics Purchasing, inbound transportation, inventory management.2. Manufacturing Production, planning systems, Machine scheduling system3. Outbound logistics Order booking processes, Distribution management, outbound Transportation and storehouse management systems.Logistics is key to success in new millennium and going through visible changes nowad ays. versatile new concepts and applications are taking place in all parts of the world and tried by various organizations. Almost everyone agrees that companies must functions in a global market place, there is far less agreement on how this context translate when it comes to managing the supply chain. Although companies may think globally in scope, when it comes drink down to actual tactical operations theres a lot of local blending going on. There are certain elements that are required to manage any supply chain regardless of whether its domestic or global. Things like visibility, technology and flexibility are basic ingredients that need to be incorporated seamlessly in clubhouse for the efficient supply chain Management. Now here we compare and contrast between North the States and India because India is a growing market and becoming one of the fastest growing economics .The concept of logistics in North America is one of the well known concept by any standard. North America n trade market in one of the largest blocks in the world. Indias logistics market is approximately around $15 billion, which is less than 0.5% of the total North America logistics markets. The volume of logistics market itself shows that North America logistics market is approaching towards higher(prenominal) side whereas Indian logistics market