organization. The process of managing stock‚ warehouse inventory‚ and freight transportation is at the heart of logistics. Logistics is the management and coordination of moving inventory from its origination to its ultimate destination. The goal of a logistics team is to find a way to do this process in the most streamlined‚ cost efficient method possible. The overall High costs in the logistics industry though are a cause for concern as they hinder the ability of organisations to provide maximum efficiency
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Reverse logistics stands for all operations related to the reuse of products and materials. It is "the process of planning‚ implementing‚ and controlling the efficient‚ cost effective flow of raw materials‚ in-process inventory‚ finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal. More precisely‚ reverse logistics is the process of moving goods from their typical final destination for the purpose of capturing
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The Influence On Internet and Logistics In the 21st century‚ the internet has become a part of everyday life. Not only for social purposes‚ but for business purposes‚ too! In this paper we will be discussing how the internet has influenced the logistics world; when it comes to online retailing‚ on-demand software‚ and e-procurement. The first influence on logistics and the internet is online retailing. When looking at online retailing‚ we will also be looking at in-store retailing for they
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PHYSICAL DISTRIBUTION AND LOGISTICS A company the size of McDonald’s requires the value chain to be increasingly important. Not only does McDonald’s want to add value for the customers‚ but also the firm looks for ways to improve the operations that makes McDonald’s a more efficient business .McDonald’s is constantly striving to add value to the firm for their customers‚ and in doing so‚ the firm has created efficiency in getting the products to the customers quickly and as fresh as possible
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Powell Logistics Inc. Executive Summary Powell Logistics Inc has been in the trucking business for over 50 years. The president and founder‚ John Powell finds himself in a dilemma as he has a difficult decision to make. This dilemma relates to making the right strategic choice for future of the company he started and grew. With the major changes happening in the trucking industry he wondered whether it was time to expand the business and simplify operations or to step down as president and pass
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Advantages of Logistics Outsourcing In the face of increasingly intensified competition in the emerging globaleconomy‚ manufacturing and retail firms are progressively turning to outsourcing of their logistics functions. Outsourcing is a viable business strategy because turning non-core functions over to external suppliers enables companies to leverage their resources‚ spread risks and concentrate on issues critical to survival and future growth. One way of extending the logistics organization
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What is logistics? "Logistics means having the right thing‚ at the right place‚ at the right time." [pic] Logistics - (business definition) Logistics is defined as a business planning framework for the management of material‚ service‚ information and capital flows. It includes the increasingly complex information‚ communication and control systems required in today ’s business environment. -- (Logistix Partners Oy‚ Helsinki‚ FI‚ 1996) Logistics - (military definition) The science of planning
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Executive Summary: Adidas was the dominating manufacturer of sporting goods. It achieved this success by developing cleated shoes for the soccer and track and field sports. The landscape of the sporting goods industry has changes‚ but Adidas has not changed with it. Sporting good textiles and footwear have become popular with younger individuals as a substitute for casual wear. Soccer and track and field sports are no longer the mainstream sports. These sports have been replaced in market share
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CHINA THIRD PARTY LOTISTICS SURVEY AND BETTER LOGISTICS COMPANY STUDY BY S.guo Business Logistics Management Hogeschool van Arnhem en Nijmegen HAN University.2009 6/9/2009 1 Acknowledgements 3 2 Executive summary: 4 3 Introduction 6 4 Company description and problems of company 7 4.1 Company description 7 4.2 Problems of BTL 9 5 Problem definitions 10 6 Research
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costs‚ KLF would like to consider an alternative distribution strategy in which the five regional warehouses are replaced with a single‚ central warehouse that will be in charge of all customer orders. Part A: Describe how you would design a new logistics network consisting of only a single warehouse. Part B: Provide an outline of such an analysis; what are the main steps? Part C: Specifically‚ what data would you need? Part D: What are the advantages and disadvantages of the newly suggested
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