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A Study of the Safeway Stock Management System Before looking into this logistics case study it is important to know what is meant by the term Logistics Logistics can be defined as The tasks involved in planning implementing and controlling the physical flow of materials and final goods from points of origin to points of use to meat the needs of customers at a profit In effect this means getting the correct product to the customer in the right place at the right time When talking about the customer it is important to distinguish between the customer in the street ie general public and the customer the trader who is buying the goods to sell on at any level The term logistics applies to all customers but we are applying the term to the trader for the benefit of this study In recent years focus upon logistics has become of paramount importance at all levels of trade and has become a major emphasis in large-scale retail especially those with a high and fast turnover ie supermarkets This is reflected in recent reports A prime objective of any business should be constantly to seek ways of reducing the total costs of ownership while lowering their own costsK Cost of ownership is the costs above those charged for example inventory carrying warehousing and handling ordering and quality inspection To minimalise these costs large-scale retailers have spent great deals of money upon centralized stock distribution and computerized inventory management systems to try and gain a competitive market advantage Centralized stock distribution involves using one as opposed to many warehouses to distribute stock for more efficient transportation Inventory management systems automate many of the tasks involved in the control of stock and reordering Without effective distribution and effective inventory management systems other activities and functions carried out within the company may at best fail to be optimized and at worst be
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