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
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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
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SCMA306 Logistics and Physical Distribution – Mrs. JR. Gurayah July to October 2013 UNIVERSITY OF KWA-ZULU NATAL FACULTY OF MANAGEMENT STUDIES SCHOOL OF MANAGEMENT‚ IT & GOVERNANCE (MIG) LOGISTICS AND PHYSICAL DISTRIBUTION SCMA306 COURSE OUTLINE 2013 This document contains important information. Please read it carefully and retain it throughout the semester. 1. Introduction Welcome to the field of Logistics and Physical Distribution - it includes the functions of planning‚ organising‚ motivating
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Chapter 1 Introduction The development of Integrated Reporting is designed to enhance and consolidate existing reporting practices‚ to move towards a reporting framework that provides the information needed to assess organizational value in the 21st century. The traditional reporting model was developed for an industrial world. Although it continues to play a valuable role with respect to stewardship of financial capital‚ it nonetheless focuses on a relatively narrow account of historical financial
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disasters place exceptional demands on humanitarian logistics and calls for fast ‚ agile and quick response to alleviate human lives. Deficiencies in the flow of supplies may result in dire consequences. As a result of continuous human and man-made disasters logistics has now become an important factor in humanitarian aid operations‚ to the “extent that logistics efforts account for 80 percent of disaster relief” (Trunick‚ 2005). Humanitarian logistics encompasses a ranges of complicated activities
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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
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Processes: The Value Chain 7 6. The Value Chain 9 7. Summary 11 8. Discussion Questions 12 9. References / Reading List 12 1. The Supply Chain It will be recalled that the supply chain is a concept that was covered at some length during lecture one. What we shall do here is to offer only a basic overview of the concept‚ to refresh the memory. Supply chain management has been defined by members of ‘The International Centre for Competitive Excellence’ in 1994 as: “Supply chain management is the
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system. This essay is going to be provide a clear overview on how a specific company has integrated the system of ERP in their supply chain management and discuss the ups and downs of them. First I will begin by analyzing and explaining the main advantages and the main disadvantages of integrating the ERP system into a company’s supply chain management. Then I will use an example of a company that has integrated ERP into their supply chain management with success and a company in which it did not work
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ST Logistics Pte Ltd (STL) is a company that deals in Contract Logistics & freight management. It started off in 1983 when they are awarded SAF logistics contract by MINDEF (Singapore Ministry of Defence) managed by Army Logistics Base (ALB) The Function of ST Logistics is to outsources purchasing and storage by ABL. It also acts as the contact point between ALB and suppliers In 1999 STL merged with SembCorp Logistics and in the year 2005‚ STL was acquired by Toll Group (Australia).
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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
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