Introducing logistics 1.1 Definition of logistics According to a widespread definition‚ logistics (from the Greek term l´ gos‚ which o means ‘order’‚ or from the French loger‚ which means ‘allocate’) is the discipline that studies the functional activities determining the flow of materials (and of the relative information) in a company‚ from their origin at the suppliers up to delivery of the finished products to the customers and to the post-sales service. The origins of logistics are of a
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ALDI CASE 1.How does ALDI ’s strategy lead to a competitive advantage ? How does the company achieve this strategy? ALDI gains a competitive advantage by several factors. ALDI offers its consumers an excellent value‚ so selling good quality products at a low price‚ thus obtain good market share‚ for example in Germany has a share of about 40 %. With this strategy ALDI and are available to any consumer purchasing power
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Chapter 6 Channels of distribution and logistics LEARNING OBJECTIVES By the end of this chapter you will: n n n n comprehend key elements and decisions in distribution channel design be able to evaluate different configurations of channel structure be familiar with recent trends and developments in channels of distribution appreciate the importance of managing the physical flows of products‚ services and information into‚ through‚ and out of the organization to its customers n grasp the
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International Academy for Business and Administration Logistics cost management Thesis Paper Supervised by: Prof. Dr. Siegfried Harmeling Student’s name: Li Li Student’s number: 05213116 Date: May 31‚ 2008 Synopsis In recent years‚ the logistics industry of China is developing rapidly. Even some big-size enterprises fizz in the first‚ second and third industry. It has become the huge and complex industry. The status of the logistics industry is more and more important. As we know‚ the
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The Hog Problem: Integrated Logistics Executive Summary The hog slaughtering plant located in Brendon‚ Manitoba has the capacity to slaughter 2.5 million hogs per year‚ around 50‚000 per week and 10‚000 per day. Hogs arrive at the slaughter plant from all over Manitoba and certain parts of Saskatchewan via truck. Every farm is located within a different distance from the slaughter facility and delivery lead times vary from as low as half an hour to as high as three and a half
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PROOF CHAPTER 1 LOGISTICS AND SUPPLY CHAINS Contents Learning objectives 3 Role of logistics 4 Supply chains 8 Aims of logistics 14 Activities of logistics 18 Importance of logistics 22 Chapter review 28 Case study – Ace Dairies 29 Project – useful websites 30 Discussion questions 31 References 31 Further reading 32 LEARNING OBJECTIVES After reading this chapter you should be able to: • understand the broad role of logistics • see how logistics support the operations of an organisation
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The importance of Logistics in Marketing nowadays In a first moment it is important to understand what is the main role of each departments‚ Logistics’ aim is to make products available in the market according to the customer’s demands‚ in terms of delivery time‚ volume‚ as well as‚ the efficient managing of the inventory (SEZEN‚ 2005) and the Marketing role is to generate and deliver value to the consumers of a determined market. To generate value consists in expressing characteristics‚ attributes
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CHAPTER I ORGANIZATION Section 1-1 Introduction Logistics Doctrine is a set of teachings or instructions‚ taught concept‚ principles and procedures established through the impacts of decisions made in the past that are relevant and made valid on the planning and carrying out military operations that deals with‚ but not limited to‚ the procurement‚ distribution‚ maintenance‚ and replacement of materiel and personnel. A “healthy” logistics system is critical to a military organization’s success
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experiment or Bernoulli trial. The binomial distribution is a Bernoulli distribution when n = 1. In many cases‚ it is appropriate to summarize a group of independent observations by the number of observations in the group that represent one of two outcomes. For example‚ the proportion of individuals in a random sample who support one of two political candidates fits this description. In this case‚ the statistic is thecount X of voters who support the candidate divided by the total number of individuals
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Logistics management covers every stage of the physical distribution process‚ from raw materials and component parts being ordered and delivered to the factory‚ materials handling and storage‚ stock control‚ sales forecasting from which the forecasts of individual components parts‚ transport and storage requirements are derived. Other functions include order processing‚ the purchasing and replenishment of stock‚ packing‚ delivery‚ achievement of set service levels‚ warehouse location‚ fleet
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