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* '''''[[w:Logistics|Logistics]]''' ( [[w:fi:logistiikka]] ) is a practical science concerned with the mananagement of the '''flows''' of '''materials, money and information'''. It deals with businesses' and organizations material flows' physical, informational and financial control from procurement to customer ( Finnish Wikipedia on logistics translated by jubo-jubo ) | |||
::::* '''''[[w:fi:Logistiikka|fi:Logistiikka]]''' on materiaali-, raha- ja tietovirtojen hallintaan erikoistunut käytännönjohteinen tieteenhaara. Siinä käsitellään [[w:fi:yritys|yritysten]] ja laitosten materiaalivirran fyysistä, tiedollista ja taloudellista hallintaa hankinnasta [[w:fi:asiakas|asiakkaalle]] saakka.('' Suomenkielinen Wikipedia ) | |||
::* '''''[[w:Logistics|Logistics]]''' deals with the flows and storages of [[w:good (economics)|good]]s, [[w:services (economics)|services]] and related information'' ( Council of Supply Chain Management ) | |||
* '''''[[w:Logistics|Logistics]]''' | |||
* '''''[[w:Logistics|Logistics]]''' is the [[w:process|process]] that integrates and co-ordinates the elements within the [[w:supply chain|supply chain]] to ensure the best possible [[w:material flow|flow of materials]] and [[w:information|information]]'' ( Teacher slide core wikified ) | ::* '''''[[w:Logistics|Logistics]]''' is the [[w:process|process]] that integrates and co-ordinates the elements within the [[w:supply chain|supply chain]] to ensure the best possible [[w:material flow|flow of materials]] and [[w:information|information]]'' ( Teacher slide core wikified ) | ||
* '''''[[w:Logistics|Logistics]]''' | ::* '''''[[w:Logistics|Logistics]]''' is the [[w:management|management]] of the flow of [[w:resources|resources]] between the point of origin and in order to meet some requirements, for example, of customers or corporations.'' ( Wikipedia ) | ||
::::The resources managed in logistics can include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as time, information, particles, and energy. | |||
:::The resources managed in logistics can include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as time, information, particles, and energy. | ::::The logistics of physical items usually involves the integration of information flow, [[w:Materials management|material handling]], [[w:Production (economics)|production]], [[w:packaging|packaging]], [[w:inventory|inventory]], [[w:transportation|transportation]], [[w:warehousing|warehousing]], and often [[w:security|security]]. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources is a common motivation.'' ( Wikipedia ) | ||
:::The logistics of physical items usually involves the integration of information flow, [[w:Materials management|material handling]], [[w:Production (economics)|production]], [[w:packaging|packaging]], [[w:inventory|inventory]], [[w:transportation|transportation]], [[w:warehousing|warehousing]], and often [[w:security|security]]. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources is a common motivation.'' ( Wikipedia ) | |||
* A '''''[[w:supply chain]]''' ( | * A '''''[[w:supply chain]]''' ( [[w:fi:Toimitusketju]] ) is a system of organizations, people, activities, information, and resources involved in moving a product or service from [[w:Vendor (supply chain)|supplier]] to [[w:customer]].'' ( Wikipedia ) | ||
* '''''[[w:Supply chain management]]''' ('''SCM''') is the management of an interconnected or interlinked between network, channel and node [[w:business|business]]es involved in the provision of [[w:Product (business)|product]] and [[w:Service (economics)|service]] packages required by the end customers in a [[w:supply chain|supply chain]].'' ( Wikipedia ) | ::* '''''[[w:Supply chain management]]''' ('''SCM''') ( [[w:fi:Toimitusketjun hallinta|fi:Toimitusketjun hallinta]]) is the management of an interconnected or interlinked between network, channel and node [[w:business|business]]es involved in the provision of [[w:Product (business)|product]] and [[w:Service (economics)|service]] packages required by the end customers in a [[w:supply chain|supply chain]].'' ( Wikipedia ) | ||
::::* '''''[[w:fi:Toimitusketjun hallinta|fi:Toimitusketjun hallinta]]''' (Supply Chain Management, SCM) tarkoittaa tavaroiden toimituksen ja palveluketjun optimointia. Kaikkien toimitusketjun osapuolien; toimittajien, jakelijoiden, alihankkijoiden ym. liikekumppaneiden yhdistämistä ja koko ketjun tehokasta hallinnointia. Tavoitteena on lisätä kaikkien jäsenten välistä kommunikointia ja siten alentaa kustannuksia, lisätä myyntiä ja tehostaa asiakaspalvelua.'' ( Suomenkielinen Wikipedia ) | |||
:::* '''''[[w:fi: | |||
::: | ::::::[[w:fi:Toimitusketjujen ja logistiikan hallintajärjestelmä]] | ||
= Logistics and SCM = | |||
== Modes of transport == | == Modes of transport == | ||
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== Logistics is flow == | == Logistics is flow == | ||
* '''[[w:Raw material|Raw material]] [[w:Resource extraction|extraction]]''' and [[w:supplier|supply]] -> '''Component [[w:manufacturer|manufacturer]]s''' -> '''[[w:Final product|Final product]]''' manufacturing -> [[w:distribution (business)]] -> [[w:consumer|consumer]] | * '''[[w:Raw material|Raw material]] ( [[w:fi:Raaka-aine]] ) [[w:Resource extraction|extraction]]''' and [[w:supplier|supply]] -> '''Component [[w:manufacturer|manufacturer]]s''' -> '''[[w:Final product|Final product]]''' manufacturing -> [[w:distribution (business)]] -> [[w:consumer|consumer]] | ||
* A '''[[w:lead time|lead time]]''' is the [[ | * A '''[[w:lead time|lead time]]''' is the [[wiktionary:latency|latency]] (delay) between the initiation and execution of a process. ( Wikipedia ) | ||
* '''[[w:Material flow|Material flow]]''' (MF) is the description of the transportation of raw materials, pre-fabricates, parts, components, integrated objects and finally products as a flow of entities. The term applies mainly to advanced modeling of [[w:Supply chain management|Supply chain management]]. As industrial material flow can easily become very complex [[w:Plant Simulation|Plant Simulation]] Software has been developed to simulate, visualize, analyze and optimize these processes. ( Wikipedia ) | * '''[[w:Material flow|Material flow]]''' (MF) is the description of the transportation of raw materials, pre-fabricates, parts, components, integrated objects and finally products as a flow of entities. The term applies mainly to advanced modeling of [[w:Supply chain management|Supply chain management]]. As industrial material flow can easily become very complex [[w:Plant Simulation|Plant Simulation]] Software has been developed to simulate, visualize, analyze and optimize these processes. ( Wikipedia ) | ||
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* A '''[[w:purchase order|purchase order]]''' ('''PO''') is a [[w:Trade|commercial]] document and first official offer issued by a [[w:buyer|buyer]] to a [[w:vendor (supply chain)|seller]], indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer. Sending a purchase order to a supplier constitutes a legal offer to buy products or services. Acceptance of a purchase order by a seller usually forms a [[w:contract|contract]] between the buyer and seller, so no contract exists until the purchase order is accepted. ( Wikipedia ) | * A '''[[w:purchase order|purchase order]]''' ('''PO''') is a [[w:Trade|commercial]] document and first official offer issued by a [[w:buyer|buyer]] to a [[w:vendor (supply chain)|seller]], indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer. Sending a purchase order to a supplier constitutes a legal offer to buy products or services. Acceptance of a purchase order by a seller usually forms a [[w:contract|contract]] between the buyer and seller, so no contract exists until the purchase order is accepted. ( Wikipedia ) | ||
::: As always, '''[[w:offer and acceptance]]''' are required to '''form a contract''' ( Refresh from [[Business Negotiations and Contracts]] ) | ::: As always, '''[[w:offer and acceptance]]''' are required to '''form a contract''' ( Refresh from [[User:Jukeboksi/BBA studies/Law#Business Negotiations and Contracts]] ) | ||
* '''[[w:Global sourcing|Global sourcing]]''' is the practice of [[w:sourcing|sourcing]] from the global market for goods and services across [[w:geopolitical|geopolitical]] boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service. These efficiencies include low cost skilled labor, low cost raw material and other economic factors like tax breaks and low trade tariffs. ( Wikipedia ) | * '''[[w:Global sourcing|Global sourcing]]''' is the practice of [[w:sourcing|sourcing]] from the global market for goods and services across [[w:geopolitical|geopolitical]] boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service. These efficiencies include low cost skilled labor, low cost raw material and other economic factors like tax breaks and low trade tariffs. ( Wikipedia ) | ||
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== Related concepts == | == Related concepts == | ||
* '''[[w:Supply chain management software|Supply chain management software]]''' | * '''[[w:Supply chain management software|Supply chain management software]]''' ( [[w:fi:Toimitusketjujen ja logistiikan hallintajärjestelmä|fi:Toimitusketjujen ja logistiikan hallintajärjestelmä]] ) | ||
* '''[[w:Supply chain optimization|Supply chain optimization]]''' is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution [[w:supply chain|supply chain]]. ( Wikipedia ) | * '''[[w:Supply chain optimization|Supply chain optimization]]''' is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution [[w:supply chain|supply chain]]. ( Wikipedia ) | ||
* The '''[[w:Demand chain|Demand chain]]''' is that part of the [[w:value chain|value chain]] which drives demand. ( Wikipedia ) | * The '''[[w:Demand chain|Demand chain]]''' is that part of the [[w:value chain|value chain]] which drives demand. ( Wikipedia ) | ||
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== Learn further == | == Learn further == | ||
* [[Entering Target Markets]] | * [[User:Jukeboksi/BBA_studies/Entering Target Markets]] | ||
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<center>This article '''used to be''' at the address '''<nowiki>https://GloBBA12.si/wiki/Logistics_and_SCM</nowiki>''' from 2012 to 2016 and '''<nowiki>https://wiki.study/regarding/Logistics_and_SCM</nowiki>''' from 2016 to 2020</center> | |||
[[Category:realcontent]] | [[Category:realcontent]] | ||