not only reorganizing its internal operations around a more flexible network computing architecture‚ but it’s also pulling-in and in many cases locking-in customers with an unprecedented level of technological integration. Since its inception in 1973‚ Federal Express Corporation had transformed itself from an express delivery company to a global logistics and supply-chain management company. Over the years‚ the Company had invested heavily in IT systems‚ and with the launch of the Internet
Premium Logistics
Logistics from a Historical Perspective R-Jay P. Quiambao‚ CIE Defining Logistics • The origin of the term logistics comes from the French word ―logistique‚‖ which is derived from ―loger‖ meaning quarters (as in quartering troops). 2 Defining Logistics • The practice of logistics in the military sector has been in existence for as long as there have been organized armed forces: – the supply‚ movement‚ and maintenance of an armed force both in peacetime and in battle conditions. 3 Logistics
Premium Logistics Supply chain management
Principles of Logistics Management Istanbul 2012 12.12.2012 2 Logistics Management • Logistics is the art and science of managing and controlling the flow of goods‚ energy‚ information and other resources from the source of production to the marketplace. • Logistics Management is the process of planning‚ implementing and controlling the efficient‚ effective flow and storage of goods‚ services‚ and related information from point of origin to point of consumption for the purpose
Premium Logistics Supply chain management Management
Logistics - a practical approach Part 1: The foundations of Logistics Chapter 1: Introduding Logistics - Logistics is more than just Transportation - Involves aspects like procurement (Beschaffung)‚ sourcing‚ planning‚ storing‚ control and distribution (Verteilung/Austeilung) - Shift towards placing production in Central Europe b/c production is cheaper - Delivery: customer gets what he ordered‚ where he wants it and at the right time‚ not too early & not too late
Premium Management Project management Strategic management
WHAT IS LOGISTICS According to Paul R. Murphy ‚ Jr. and Donald F. Wood‚ who shared the definition as promulgated by the Council of Supply Chain Management Professionals‚ one of the world’s most prominent organizations for logistics professionals‚ defined it as “Logistics management is that part of supply chain management that plans‚ implements and controls the efficient‚ effective forward and reverse flow and storage of goods‚ services and related information between the point of origin and the
Premium Logistics Supply chain management Supply chain
1. What is Logistic Management and its Objectives? Logistics means having the right thing‚ at the right place‚ at the right time. In business‚ 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 system required in today’s business environment. (Logistix Partners Oy‚ Helsinki‚ FI‚ 1996). Objectives of Logistics Management is to make available
Premium Logistics Management Supply chain management
Narrator: Today we will be in the Amazon rainforest. Which is located near the equator. This will tell the story of jack being lost in the Amazon rainforest. Jack the explorer: NOt again why did I have to get lost. Well I know what to do. Narrator:He looks at the canopy trees. Jack the explorer: It’s so unique that trees want the sun so much they grow taller to get just like people who worked for what they have. Jack the explorer: Now begins the climb I start at the rainforest floor and I
Premium Hunting English-language films Color
SCM 460 GLOBAL SUPPLY CHAIN STRATEGY Dr. Alex Rodrigues Logistics / Manufacturing Interface & Lean Logistics Class Topics • Topic 1: – • Describe the steps of Design For Logistics (DFL) Topic 2: – Understand the philosophy of Lean Manufacturing/Logistics Procurement Perspectives • Continuous Supply: Stockouts of raw materials or components can stop production and result in extreme cost. • Minimize Inventory Investment: One goal of modern procurement is to maintain continuous supply with
Premium Six Sigma Lean manufacturing Manufacturing
1) What issues should a logistic manager consider in trying to select a mode of transportation? The issues that a logistic manager should consider when they select a transportation mode are the follow: • Cost versus Speed • Packing expense versus risk of damage • Flexibility versus dependability • Railroad freight traffic in peak season ( some countries consider more important the passenger transportation than freight) • Infrastructure (bad infrastructure raise
Premium Privatization Free market Transportation
What is Logistics? Overshadowed behind all the excitement given to supply chain management and the technology developed to support it is a lesser known part of the business operations known as logistics. Some might regard logistics as mundane and staid compared to other supply chain initiatives but they don’t get the whole picture. However‚ logistics professionals and knowledgeable managers know that to fulfill customer orders effectively and efficiently‚ a business should employ a good logistics
Premium Logistics Supply chain management