Logistics: Management and Bpm Standards Group Essay

Submitted By adilprince19
Words: 429
Pages: 2

Logistics:

Information Logistics (IL) can be defined as "managing and controlling information handling processes optimally with respect to time (flow time and capacity), storage, distribution and presentation in such a way that it contributes to company results in concurrence with the costs of capturing of creation, searching, maintenance etc." logistics concepts Coverage includes warehousing, transportation, and distribution channels. Logistics activities include locating facilities, transporting material, storing inventory, communicating, and the handling processes associated with these supply chain processes. These activities have been integrated over the past 50 years and are essential supply chain management functions. As distribution channels and the variety of products in them have increased over the past decades, logistics has assumed increased importance in the supply chain.It points to the tradeoffs needed in designing a logistics network. It points to lack of visibility over costs and fragmented responsibilities as barriers to improving logistics. Reference: Lawrence D. Fredendalla, Ed Hillb (21 Feb 2012) Logistics http://www.tandfonline.com/doi/abs/10.1081/E-ESCM-120048200#.UhBnxJKl66M

Business Project Management:

The creation and execution of sound business strategy is essential to today's enterprise. Business Performance Management (BPM) offers organizations an IT-enabled approach to formulate, modify, and execute strategy effectively. The successful and execution of business strategy is a well-recognized requirement for and organisation survival in the hyper competitive marketplace, however, most organization continue to struggle with the management of strategic approach to monitor and control the execution of the strategic goals still eludes them. BPM enables an organization to effectively monitor,…