Logistics and SCM

What is Logistics?
It is that part of Supply Chain process that plans, implements, and controls the efficient (forward and reverse) flow and storage of raw materials, in-process inventory, finished goods and related information from point of origin to point of consumption for the purpose of meeting customer s' requirements.

What is Supply Chain Management?
It is the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. It also includescoordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers.

What is the scope & application of Logistics and Supply Chain Management?
Supply Chain Management, as concept and tool has emerged as the most important field of management today.

Areas served by Logistics and Supply Chain Management include:

Inventory control
Customer services
Strategic planning

How big is the Logistics Market in India?
The Logistics market is expected to reach $120.42 billion in 2014, witnessing a compounded annual growth rate of 9.9% between 2009 and 2014. (Study by Frost & Sullivan)

What is the skill requirement in the Logistics & Supply Chain Industry?
The domestic logistics industry, estimated to generate business worth $110 billion will need over 420,000 skilled and industry ready manpower by 2015. Given the growth in the Transportation, Logistics, and Warehousing sector demand for human resource is expected to increase from about 7.3 million to about 25 million, leading to an incremental human resource requirement for about 17.7 million persons. Number of the warehouse managers alone is estimated to double by 2015.

Which industries is Logistics and SCM applicable to?
The Logistics & Supply Chain professionals work in a variety of industries:
Apparel & Clothing
Auto Industry
Hotel and Hospitality
Pharmaceuticals & Health care

Who are logistics service providers?
Any business which provides logistics services is referred to as logistics service provider (LSP). Services may include provisioning, transport, warehousing, packaging, etc.

What is 3PL and 4 PL?
3PL -  A firm that provides multiple logistics services like transportation, warehousing, crossdocking, inventory management, packaging, and freight forwarding for its customers.

4PL -  A 4PL designs, builds and runs comprehensive supply chain solutions managing the entire supply chain of its customers. While a third party logistics (3PL) service provider targets a function, a 4PL targets management of the entire supply chain.

What is the difference between transporters and Logistics Services Providers?
Transporter caters only to the movement of the consignment from one place to another whereas a logistics service provider provides a comprehensive solution by not only transporting the consignment but also taking care of warehousing, labeling, packaging etc.

Which are the topmost Logistics Companies in India?
TNT Express
Blue Dart
Agarwal Packers & Movers
First Flight