Logistics comprises a relatively large number of managerial activities. Discuss five of these activities and why they are important to logistics system. 1. Transportation Transportation is one of important activity in Supply Chain Management. It is the major connector of the upstream and downstream of a supply chain. It is that aspect of the supply chain that takes goods and services to the retail end. It is the major promoter of globalization and as such is one that is to be given high attention
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1. How can Design for logistic concepts be used to control logistic cost and make the supply chain more efficient? Design for logistics is a series of concepts in the field of supply chain management involving product and design approaches that help to control logistics costs and increase customer service levels. The concepts include the three key components‚ Economic packaging and transportation‚ Concurrent and parallel processing‚ and Standardization. Economic packaging and transportation
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CHALLENGES FOR LOGISTIC & SUPPLY CHAIN MANAGEMENT IN SLOWDOWN A distinct feature of this economic slowdown is the direct degradation of consumer’s assets which has wiped out hundreds of billions of dollars in wealth. And consumers have responded by spending conservatively and concentrating on improving their savings. This new era of low spending and unpredictable consumer behaviour has rendered many demand-forecasting models inaccurate or even obsolete. Therefore‚ companies across the world are
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RESPONSE PAPER 9th Sep.‚ 2013 Peng Zhang MAIN IDEA The chapter 3 of Allen`s Chapter talk about the communication objectives and targeting issues. As the starting point of event planning‚ the second step is setting communication objectives based on situation analysis and fit with corporate and market objectives. While setting a communication objective‚ planner could use some tools such as gap analysis and Ansoff matrix within the SMART rules; meanwhile‚ the objective should follow the communication
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Event essay (2350 words) Throughout the years the event industry has gained a major place in everyday life. From the first events of the 19th century‚ such as the Great Exhibition‚ to a 2012 music festival. The event industry has developed a huge help to our country’s economy. To the extent of which the “government is supporting and promoting events as part of their strategies for economic development” (Bowdin and Allen‚ 2006). There are several types of events. Nowadays‚ there is almost an event
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Event Planning & Administration Tour08007 Coursework A Submission 2012/2013 Student No: B00242497 Title: TITP Word Count:1‚981 Contents Introduction T in the Park is a music event which takes place every year which is usually held on the second week of July. This event is growing more and more popular as the year’s go on and as soon as the tickets are available it is almost an instant sell-out. This music event was first held
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Event Management Market - India June 2010 Executive Summary Estimated to be worth INR 15 bn in 2010‚ expected to grow to INR 23 bn in 2012 Market is highly unorganised having huge opportunities for growth Main segments in the event management market are Corporate‚ Cultural‚ Leisure‚ and Personal‚ with a rising demand of management in the corporate sector Drivers: Growth in consumer spending and disposable income‚ increase in below the line promotion among establishments‚ rising need of organized
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Properly accounting for subsequent events is important because investors’ opinions could be dramatically altered by the events and transactions that occur after year end. If subsequent events are not given proper consideration‚ the financial statements that are issued at year-end may be misleading. Accounting Standards Codification (ASC) 855 provides guidance on the proper accounting for and disclosure of subsequent events. Due to the potential impact subsequent events may have on the financial statements
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the international logistics management importance in today’s business practice? Definition Logistics management is that of the supply chain process that plans‚ implements‚ and controls the efficient‚ effective flow and storage of goods service‚ and related information from the point-of origin to the point of consumption in order to meet customers’ requirements. Logistics’ role in economy Logistics play a key role in the economy in two significant ways. First‚ logistics is one of the major
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There third party logistics service providers(3PLs) are experts in the management and flow of freight‚allowing customers to focus their resources on other activities.Some of these larger organizations provide a one-stop shopping solution where customers can purchase all their transportation service needs‚regardless of mode or geographic requirements. Types of 3PL providers While many 3PLs promote themselves as integrated service providers with a comprehensive range of logistics activity.Hence‚the
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