Logistics Management Synopsis

A Synopsis On “LOGISTIC MANAGEMENT” By SHAGUN VASISHAT (Registration No. 511135039)

A synopsis report submitted in partial fulfillment of the requirements for the degree of Master of Business Administration of Sikkim Manipal University, INDIA

Sikkim – Manipal University of health, Medical and technological science Distance Education wing Syndicate House, Manipal – 576104

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DECLARATION

I hereby declare that the Synopsis Report entitled:

A Synopsis Report on “LOGISTIC MANAGMENT” submitted in partial fulfillment of the requirement for the degree of Masters of Business Administration to Sikkim – Manipal University, India, is my original work and not submitted for the award of any other degree, diploma, fellowship, or any other similar title or prizes.

Place: DELHI

Date: …………………. SHAGUN VASISHAT (Registration No. 511135039)

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CERTIFICATE

The Synopsis Report of SHAGUN VASISHAT (Registration No. 511135039) on “Logistic Management” is approved and is acceptable in quality and form.

Internal Examiner

External Examiner

(_______________)

(_______________)

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TABLE OF CONTENTS Page No ● Executive Summary ● Introduction ● Objective ● Research Methodology ● Analysis ● Conclusions ● Bibliography

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TITLE OF THE PROJECT

“LOGISTIC MANAGEMENT”

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INTRODUCTION TO THE TOPIC This is a Project work undertaken in context of partial fulfillment of the MBA. Logistics is the art and science of managing and controlling the flow of goods, energy, information and other resources like products, services, and people, from the source of production to the marketplace. It is difficult to accomplish any marketing or manufacturing without logistical support. It involves the integration of information, transportation, inventory, warehousing, material handling, and packaging. The operating responsibility of logistics is the geographical repositioning of raw materials, work in process, and finished inventories where required at the lowest cost possible.

Logistics management is that part of the supply chain which plans, implements and controls the efficient, effective forward and reverse flow and storage of goods, services and information between the point of origin and the point of consumption in order to meet customers' requirements. A professional working in the field of logistics management is called a logistician.

Logistics as a business concept evolved only in the 1950s. This was mainly due to the increasing complexity of supplying one's business with materials and shipping out products in an increasingly globalized supply chain, calling for experts in the field who are called Supply Chain Logisticians. This can be defined as having the right item in the right quantity at the right time at the right place for the right price and it is the science of process having its presence in all sectors of the industry. The goal of logistics work is to manage the fruition of project life cycles, supply chains and resultant efficiencies. 7

OBJECTIVE OF THE STUDY The main objective of this research is to investigate the Logistic Management System in India by the various Industries.

1. The Objective of the study of Logistic Management used by various Industries in India. 2. To know the role of Logistic Management in the Industries. 3. To know the importance of Logistic Management. 4. To know the types of Logistic Management System. 5. To know the Development of Logistic Management. 6. To gain knowledge of the various tools and their features through observation method and through secondary data 7. To make available the right quantity of right quality products at the right place and time in right condition. 8. To offer best service to consumers. 9. To reduce the cost of operations. 10.To maintain transparency in operations.

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RESEARCH METHODOLOGY

To achieve the objective of studying the Logistic Management data has been collected. Research methodology carried for this study can be two types 1. Primary 2. Secondary

PRIMARY:  The data, which has being collected for the first time and, it is the original data.  In this project the primary data has been taken from Logistic Management Department staff and guide of the project.  Information collected with the help of Questionnaire for analyzing Logistic Management service.  Observation method was used for understanding various tools used in Logistic Management and their features.

SECONDARY: The secondary information is mostly taken from websites, books, journals, etc.

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Limitations • The time constraint was one of the major problems. • The study is limited to the different Logistic Management service used by the various Industries. • The study is limited in selected Industries only. • The lack of information sources for the analysis part.

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Conclusion The universe everyday is witnessing unimaginable growth in majority of the industries. The logistics and freight industry is one such industry that is rapidly growing. Worldwide logistics industry is distinguished by fast technological advances and is growing rapidly than most other industries over the past years. With stiff competition around, the company is likely to reduce the profitability But with proper management of operations and by proper customer desired services, and also effectively utilizing its alliances it can maintain and improve the performance. Joint operational ventures for developing the customized services for its steady growth. The organization has enormous opportunities to grow beyond the expectations.

Lintas Freight& Logistics LLC has come a long way from being just a service provider. The organization now has the value of being an ultimate service provider for Freight, Transportation, Cross-docking and Value Adding as per customer needs. The present scenario and the future of the organization with regard to the management are satisfactory. The organization can increase the market share by improving with more state of art technology. The organization can diversify into related other business areas like Warehouses for lease to other organizations, state of art technology providers for other organizations. More importance is to be given for HR development by having a separate department for it. With the development of such a department, several favourable impacts such as increase in out put per employee, increased loyalty, team spirit etc can be generated. 11

As far as Lintas Freight & Logistics LLC is concerned it can be stated that through its excellent service and aggressive logistics service, organization has shown a noticeable increase in the market share. However, there are some areas where the company is not at the top-most position but it can certainly gear up in the near future and is committed to acquire that spot. On implementation of the above recommendations, the management can lead Lintas to the top most position when bench marked in the coming years.

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Bibliography Reference: a) Logistical Management – Tata McGraw 2000 Edition. Written by Donald. Bowersox, and David. Closs. b) The Management of Business Logistics – 7th Edition: Written by Edward J. Bardi, C.John Langley, and John Joseph Coyle c) Logistics and Supply Chain Management: Creating Value - Adding Networks Written by Martin Christopher. d) Council of Logistics Management, www.clm1.org e) Integrated Business Communications Alliance, www.ibcaweb.org f) Amrit Tiwana, The Knowledge Management Tool kit, First Indian reprint 2000, Prentice Hall of India. g) Performance measures and metrics in a supply chain environment h) A Gunasekaran, C Patel, E Tirtiroglu - International Journal of Operations & Production Management i) Hugos, Michael, 2003, Essentials of Supply Chain Management, John Wiley & Sons. j) Supply Chain Management Research Center, www.cio.com/research/scm

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Websites: i) Source: http://www.idsc.com.sg/images/service_logistics_img1.jpg ii) http://www.indexuae.com/Top/Business_and_Economy/Services/Logisti cs iii) http://www.lintasfreight.com/ iv) http://www.uae-shipping.net/Lintas-Freight-Logistics-L.L.C..html v) www.ittoolbox.com vi) www.techrepublic.com vii)

www.allboutscm.com

viii) http://en.wikipedia.org/ ix) http://google.co.in

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