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User:Jukeboksi/BBA studies/Logistics and SCM: Difference between revisions

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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 )


= Logistics and SCM =
::* '''''[[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 )
== Fundamental definitions ==
* '''''[[w:Logistics|Logistics]]''' 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: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]]''' 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]]''' 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 )


* '''''[[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]]''' ( '''[[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 )
* 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 )


== In Finnish ==
::::* '''''[[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: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: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:Toimitusketjujen ja logistiikan hallintajärjestelmä]]  
 
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= 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 [[:wikt:latency|latency]] (delay) between the initiation and execution of a process. ( Wikipedia )
* A '''[[w:lead time|lead time]]''' is the [[:wikt:latency|latency]] (delay) between the initiation and execution of a process. ( Wikipedia )
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