TRANSITION INVENTORY: Logistics is concerned with getting product and services where they are needed,

when they are also desired. Logistics is a activity that never stop.
Logistics involves two major operations:
MATERIAL MANAGEMENT.
PHYSICAL DISTRIBUTION MANAGEMENT.
SUPPLY CHAIN MANAGEMENT?
Supply Chain Management [SCM] refers to the physical network that begins with
supplier and end with customers. Internally SCM involves seamless integration of
logistics with the other functional area and externally, works to achieve integration
with other trading partners and service company.
SCM entails:
Management of flow of goods from the supplier to the final user.
System wide coordination of product and information flows. Development of
relations and integration of all activities that provide customer value.
Inventory Management?
The main function of inventory management is to minimize inventory cost, subject to
demand and services constraint .It deal with guiding a firm with respect to
Row materials and finished goods stocking policies.
Short-term sales forecasting.
Number size and location of stocking points.
Just in time, pull push strategies.

Logistics in India
Studies revel that in India total logistics cost constitute nearly 10% of national GNP
out of which 40% is due to transportation alone.
The RITES report on commodity flow for total transport system study of the planning
commission, government of India, states that import elements of total logistics cost in
India are produced inventory at source.
INVENTORY MANAGEMENT
Types of inventory: TRANSITION INVENTORY: This is inventory currently undergoing transformation and function as a
vehicle for profit generation.. It can be either in form of working progress or in the
form of finished goods. The finished goods transition inventory can either be
undergoing quality checker could be in the process of being transported from the
point of consumption.
BUFFER INVENTORY: This is the inventory which i
WHAT IS LOGISTICS MANAGEMENT?

Logistics is concerned with getting product and services where they are needed,
when they are also desired. Logistics is a activity that never stop.
Logistics involves two major operations:
MATERIAL MANAGEMENT.
PHYSICAL DISTRIBUTION MANAGEMENT.
SUPPLY CHAIN MANAGEMENT?

Supply Chain Management [SCM] refers to the physical network that begins with
supplier and end with customers. Internally SCM involves seamless integration of
logistics with the other functional area and externally, works to achieve integration
with other trading partners and service company.
SCM entails:
Management of flow of goods from the supplier to the final user.
System wide coordination of product and information flows. Development of
relations and integration of all activities that provide customer value.
Inventory Management?
The main function of inventory management is to minimize inventory cost, subject to
demand and services constraint .It deal with guiding a firm with respect to
Row materials and finished goods stocking policies.
Short-term sales forecasting.
Number size and location of stocking points.
Just in time, pull push strategies.
Logistics in India
Studies revel that in India total logistics cost constitute nearly 10% of national GNP
out of which 40% is due to transportation alone.
The RITES report on commodity flow for total transport system study of the planning
commission, government of India, states that import elements of total logistics cost in
India are produced inventory at source.
INVENTORY MANAGEMENT
Types of inventory: TRANSITION INVENTORY: -

This is inventory currently undergoing transformation and function as a vehicle for

profit generation.. It can be either in form of working progress or in the form of
finished goods. The finished goods transition inventory can either be undergoing
quality checker could be in the process of being transported from the point of
consumptio