Operations and Logistics Management is the set of activities involved in the flow of materials and products through an organization and through the supply chain to the market. More specifically, Operations and Logistics Management is the subject that manages efficient, effective flow and storage goods, services, and related information in a supply chain. The key elements of Operations and Logistics Management covered in this course include logistics planning and strategy, customer service, procurement, transport, inventory, warehousing, and handling
This course addresses questions about logistics planning, transport modes selection, vehicle routing, inventory policies, purchasing quantity and timing, and storage selection.
Course Aims and Relationship to Other Courses
Operations and Logistics Management is a fast growing business area in today’s business world. Global companies, such as IBM, HP, GE, and P&G, have heavily invested in supply chain management in order to gain competitive advantages. The distinction between OPMG5810 Supply Chain Planning and Design and the present course is worth mentioning. Both courses fall under the umbrella of supply chain management. However, OPMG5810 focuses on the coordination and collaboration among the players in a supply chain. It addresses the strategies (e.g., contracts and centralisation) that could result in more efficient and/or responsive supply chain performance. On the other hand, this course focuses on the functional activities (the nuts and bolts) in supply chains that process the flow of products and information from the point of origin to the point of consumption.
To improve the performance of a supply chain, one must streamline business process flows. Therefore, understanding business process flows is fundamental to design and planning of supply chains and logistics processes. Operations Management covers more fundamental operational topics, which add value to achieve better logistics performance.