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Logistics Management LSM 730 Lecture 1 Dr. Khurrum S. Mughal 1-1 Course Contents • • • • • • • • • • Introduction Strategy & Planning The Product Location Strategy Transport Decisions Inventory Strategy Purchasing & Supply Scheduling The Storage & Handling System The Storage & Handling Decisions Network Planning Process 1-2 Course Material • Course Text Book – Business Logistics/Supply Chain Management, 5th Edition by Ronald H. Ballou • Recommended Books – Logistics – An Introduction to Supply Chain Management by Donald Waters – Introduction to Logistics Systems Management by Gianpaolo Ghiani, Gilbert Laporte, Roberto Musmanno – Supply Chain Management: In Theory and Practice by Birgit Dam Jespersen, Tage Skjott-Larsen • Miscellaneous Sources: – Council of Supply Chain Management Professional - https://cscmp.org/ – Journal of Business Logistics 1-3 Business Logistics/Supply Chain—A Vital Subject The supply chain is simply another way of saying “the whole process of business.” Peter Drucker, 1969 1-4 Introduction • Needs in the historical perspective • Constraints due to low technological developments in transportation and storage • Locating near production – Self sustaining villages • As old as trade itself • Principle of Comparative Advantage 1-5 Logistics Defined Managing Individually Vs Coordinated Management 1-6 Transportation Warehousing Transportation Customers Information flows Factory Transportation Vendors/plants/ports Warehousing Transportation 1-2