Essay About Unsold Products And Supply Chain Managementclass Activity Group

Distribution and Supply Chain Management
CHRIST UNIVERSITY INSTITUTE OF MANAGEMENT[pic 1]Distribution and Supply Chain ManagementClass Activity Group- 2SUBMITTED TO:                                                          SUBMITTED BY:Prof. Suresh AS                                                                                   Bimal Bose (1627812)                                                                        Cyril Tony (1627813)                                                                        Naseef V T (1627920)                                                                        Divya Vijay (1627946)                                                                        Swaraj Sebastian (1627834)INTRODUCTIONSupply chain is a network of activities which transforms of raw materials into finished goods to consumers. Movement of materials in supply chain is called logistics. There are three phases in logistics. They are inbound logistics, outbound logistics and reverse logistics. Inbound logistics refers to the movement of raw materials from the point of origin to the point of production. Outbound logistics refers to the movement of finished goods from the point of production to the point of consumption. Reverse logistics refers to the movement of expired, damaged, unsold products from the point of consumption to the point of production.The objectives of logistics are to minimise cost, speedy delivery, generate business, reduce damage, increase reliability, repeated business, inventory reduction, quick response etc. the seven R’s (Rights) are necessary to meet these objectives and to maintain a competitive supply chain. The Seven R’s are:Right ProductRight PlaceRight PriceRight CustomerRight ConditionRight TimeRight QuantityRight ProductA company should have adequate knowledge about its products and the potential issues associated with it. Some products may be easy to transport, while others may not. Products that require special packaging may lead to increased weight and area consumption in transportation. These thing are to be considered while designing, manufacturing, selecting a product. Products if designed properly will greatly facilitate logistics and ensure a degree of standardization.