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Report on Logistics and Supply Chain Management

   

Added on  2020-04-29

16 Pages2926 Words197 Views
Running Head: Logistics and Supply Chain Management BRITISH PETROLEUM Logistics and Supply Chain Management

Logistics and Supply Chain Management 1Table of ContentsIntroduction......................................................................................................................................2A. Logistics Management................................................................................................................3Introduction of Organization........................................................................................................3Logistics management..................................................................................................................3Efficiency of Logistics management............................................................................................4B. Relationship between e-business and e-commerce.....................................................................6E-commerce.................................................................................................................................6E-business....................................................................................................................................6Link between e-commerce and e-business...................................................................................6Recent innovations in e-business and e-commerce......................................................................7Benefits to British Petroleum through recent developments and innovations in e-business and e-commerce..................................................................................................................................7C. Range of best practices.............................................................................................................10Best Practices.............................................................................................................................10Range of different best practices................................................................................................10Benefits of best practices to the organization............................................................................10Conclusion.....................................................................................................................................13References......................................................................................................................................14

Logistics and Supply Chain Management 2Introduction Under this report, British Petroleum’s logistic management strategies will be covered and along with this, their strategies’ effectiveness will also be covered with the view to attain the competitive advantage in the international petroleum market. Under this report, relationship between the e-business and the e-commerce will be discussed and along with this, benefits attained from the recent developments and the innovations made in the e-commerce will be discussed.

Logistics and Supply Chain Management 3A. Logistics Management Introduction of OrganizationBritish Petroleum is a multinational company engaged in the production and the distribution of oil and gas across the global market. British Petroleum’s logistic management involves the activities of managing their goods and services in such a manner under which all their local as well as international clients’ demand could be fulfilled. BP P.L.C distributes its products amongst the 72 countries across the globe and their average production of oil is near to 3.3 million barrels. Logistics and supply chain management process involves the supply, control and manage of the raw materials to be used by one company and the transfer of those materials to theother business enterprise for making the finished goods. With the effective logistic management process, organization will be able to compete in the dynamic business environment easily.Logistics management Logistic management is the component of supply chain management and it includes the plans, methods and the implementation techniques for improving the flow of goods and the services. It also maintains the flow of information from the origin to the consumption point in order to enhance the customer satisfaction level. Supply chain management is the process of the delivering the raw materials, information, products, and services to other business organizations for making the finished goods, to customers for the consumption purpose. British Petroleum is involved in both the processes i.e. upstream as well downstream activities of business. Logistics and supply chain management process includes various departments such as marketing, production and distribution. Under this

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