Logistics and Supply Chain Management (PDF)
Added on 2021-04-16
12 Pages2905 Words133 Views
Business Development
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Running Head: LOGISTICS AND SUPPLY CHAIN MANAGEMENTLogistics and Supply Chain ManagementName of the StudentName of the University
1LOGISTICS AND SUPPLY CHAIN MANAGEMENTTable of Contents1.0 Introduction................................................................................................................................21.1 Background of the Report..........................................................................................................21.2 Background of the Company.....................................................................................................22.0 Analysis and Discussion............................................................................................................3Task 1: Logistics and Supply Chain Management..........................................................................3Task 1 Part A...................................................................................................................................3Task 1 Part B...................................................................................................................................4Task 2: ERP.....................................................................................................................................5Task 3: Best Practices and Logistics...............................................................................................83.0 Conclusion.................................................................................................................................8References......................................................................................................................................10
2LOGISTICS AND SUPPLY CHAIN MANAGEMENT1.0 Introduction1.1 Background of the ReportSupply chain and logistics are two important parts of an effective business system. Asupply chain ensures the flow of materials from the producer to the retailer such that there isalways a steady supply of products that are demanded by the customers. On the other hand,logistics is the transportation model that is used by business organizations to transport rawmaterials from the supplier to the manufacture and products from manufacturer to the retailer(Christopher 2016). The transportation of the goods is important to ensure the inventory of theretailer is always stocked up by the delivery from the suppliers.In this report, the relationship between supply chain and logistics has been analyzed withemphasis on Tesco UK and several other aspects like use of ERP and best practices for reducingcosts of logistics have been discussed in detail.1.2 Background of the CompanyTesco is a UK based retail chain that details with the sale of groceries and othermerchandises with branches spread all over Europe as well as Asia. Tesco operates throughsupply chain and also has an ecommerce department that delivers products to the customersdirectly to their addresses. Initially starting as a groceries supplier, Tesco now deals withclothing, electronics, books, furniture, software, petrol, finance services, internet and telecomservices making it one of the most diversified business organizations in the whole world. Hence,the company requires an integrated system that will enable the company to have centralizedcontrol over all the business departments.
3LOGISTICS AND SUPPLY CHAIN MANAGEMENT2.0 Analysis and DiscussionTask 1: Logistics and Supply Chain ManagementTask 1 Part ASupply chain management is a business philosophy that is mainly based on the movementand flow of the materials from one point to another until it is sold the customer for a suitableprice. On the other hand, logistics is defined as the process by which the product is moved fromone point to another in the entire supply chain (Jacobs, Chase and Lummus 2014). The two termscan explained further using the following example.Let there be a shirt to be sold to the customer from a particular garments shop. Now, forthe preparation of the shirt, the fibers are extracted at a nursery. Then it is sent to the processingcentre for preparation of thread after which, the threads are sent to the clothes processing centrefor the development and dyeing of the clothes. After the clothes are dyed, they are then sent tothe factory for the preparation of the shirt. Finally, the shirts are sent to the retailer for sale at asuitable price. This entire cycle of activities is together known as supply chain as the material /product is delivered from one centre to another as a supply.On the other hand, logistics consists of the process through which the material or productis transferred from one point in the supply chain to another. For instance, during the supply chainof a shirt, the shirt is transferred from the factory to the retail shop through supply trucks (Hugos2018). This delivery process is known as logistics and it requires additional costs other than theactual supply chain.
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