Logistics Management for Supply Chain Management- myassignmenthelp

Question: Discuss about theLogistics Management for Supply Chain Management. Answer: Inventory Management Inventory Management is the continuous method to move parts as well as products inside and outside of an organizations location. Organizations are managing their inventory on a regular basis as they are placing new product orders as well as shipping orders out to the customers. It is essential that the leaders of business are gaining a firm grip of everything that is having an involvement in the process of inventory management (Jacobs 2013). This is the reason why they can do the figuring out of creative methods for solving challnges relating to inventory management by finding the appropriate solutions. Undoubteldly it can be stated that inventory management plays a pivotal role in conducting business. It is the process by which organizations remain stocked with every necessary products that are required by them for selling to the customers as well as completing everyday functions. When selling of products are done, their replenishing must occur at a rate that will not be leading to massive overstocks or recurrent stock-outs. To do the successful management of inventory expalins the aspect of hitting a target that is moving since, supply and demand are not constant, but they are continuously changing with the passage of time as well as over the period regarding the lifecycle of a product (Fawcett 2013). There is also the challenging aspect of maintaining the inventory track with varied units of measure as well as suppliers in various countries having different rates of taxes as well as laws. For solving the challenging aspect of appropriate inventory management, organizations are often taking the support of software that can assist them in maintaining the track of all of their inventory, vendors, orders as well as many more. An improved solution regarding inventory management is finding a software that is considered being affordable and sufficiently strong (Fawcett 2013). Application of Logostic Theories Logistics is referring to the art of management relating to supply chain as well as the science that is dealing with management as well as the aspect of controlling the information flow regarding the products as well as resources amongst the point of origin as well as point of contact as a result, making sure the need of the customers are being met. The method is also leading to the aspect of integrating transportation, information, packaging, warehousing as well as handling of material (Fernie 2014). As a result, the logistics process at any stage is having the involvement of four stages, which are considered to be sustainment, distribution, disposition as well as acquisition. The stage of acquisition is referring to the process of procuring equipment, weapons, amenities, ordnance as well as materials such as food, clothing, fuel as well as repairing parts. The stage of distribution, on the othe hand, is referring to the means via which, the support relating to logistic will be reaching the commander-in-position. On the other hand, the stage of disposition is referring to the process of consuming or returning and disposing materials, weapons as well as supplies. Moreover, the stage of sustainment is referring to the provision regarding essential resources to assist the functions till the accomplishment of the mission (Dekker 2013). In the present scenario, logistics is getting applied in different fields such as military, business, production as well as medical. Regarding military logistics, it can be stated that the logistics officer is accountable towards managing when and how the reallocation of resources will be done to the necessary places. Medical logistics is dealing majorly with the logistics relating to medical as well as surgical supplies, medical devices, as well as materials (Dekker 2013). Business logistics is having the involvement of inventory management, transportation, management, warehousing as well as purchasing. Reference Dekker, R., Fleischmann, M., Inderfurth, K. and van Wassenhove, L.N. eds., 2013.Reverse logistics: quantitative models for closed-loop supply chains. Springer Science Business Media. Fawcett, S.E., Ellram, L.M. and Ogden, J.A., 2013.Supply Chain Management: Pearson New International Edition: From Vision to Implementation. Pearson Higher Ed. Fernie, J. and Sparks, L., 2014.Logistics and retail management: emerging issues and new challenges in the retail supply chain. Kogan page publishers. Jacobs, R. and Chase, R., 2013.Operations and supply chain management. McGraw-Hill Higher Education.