Please wait while the transcript is being prepared...
0:00
Logistics Intermodalism,
presented by Dr. Darren Prokop,
Professor Emeritus of Logistics,
University of Alaska, Anchorage.
0:12
What is logistics?
It is the art and
the science of managing
three constraints time,
physical space, and location.
Every organization
relies on logistics
to some degree in order
to conduct business.
Organizations across the
world may link up in
a supply chain in order to
meet some strategic goal,
but it is logistics that will
make or break that strategy.
0:38
Logistics is about getting
seven things right.
Get the right item in
the right quantity and
in the right condition,
delivered to the right
customer at the right time,
in the right location
and do all of this
at the right price.
0:55
Logistics management
is about flow,
while supply chain
management is about
structure. For supply chain
linkages to be viable,
logistical flows are necessary.
Think of it like a skeleton
with a circulatory system.
One without the other
is not life-sustaining.
The skeleton gives
the body strength and
the circulatory system
gives it vitality.
In this way, logistics and
supply chain management have
a symbiotic relationship.
You simply cannot have
one without the other.
It is akin to tactical
support for strategic goals.
1:33
Logistical flows involve
transporting raw materials,
sub-assemblies, and final goods.
Even people move
in their role as
operators, passengers
or travelers.
Transportation of
intangible items
include data and information,
financial capital such as money,
credit, stocks, and bonds,
and property rights, such as
transfers of land, titles,
and intellectual
property rights like
patents, copyrights,
and trademarks.
