Logistics and operations management Essay Example | Topics and Well Written Essays - 2000 words

Logistics and operations management - Essay physical exerciseThe perfect elements of logisticals are the line of descent management, capacity management and scheduling of deliveries, such that the consumers will have the want products in their rightful quantities at the time they need to have them (Brandimarte & Zotteri, 200747).Therefore, on the event that the three fundamental compvirtuosonts do not work in sync, chances are high that there will be inconveniencies caused to the mean consumers of the commodities, while at the same time there will be losses incurred by the suppliers of the drug addiction commodities. The whole chain of the logistic process starting with inventory management, through to capacity management and thence to the delivery of the products to consumers must be systematically interconnected. The three components must remain in balance, since the success of one component determines the success of the subsequent process and ultimately the overall success of the logistical supply chain (Zavoral, 20105). Thus, on the event that the three components are not in balance, detrimental effects will pass away both on the supplier and the consumers in terms of high speak tos, quality issues and market loss.High cost of commodities is a major consequence that might result out of an imbalance in the fundamental logistic components. Both oversupply and undersupply of commodities comes with associated costs (Christopher, 201036). Inventory management, as the first stage of logistics, is involved in the cookery of inventory such that the there is balancing of the costs of maintaining additional inventory with the risks of not having the commodities when the consumers need them (Wu, 200816). Therefore, the inventory maintained by a logistical system must be capable of meeting the cognise and the unanticipated demands of the consumers, while ensuring that the costs involved are minimized to the lowest level possible. This can only when be poss ible if the capacity management