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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create and develop a logistics plan Formulate a logistics plan (create for an existing Company or make your own Company) Five key steps to logistics planning process: 1) Business Goal and Strategies Business goals and strategy comes from overall corporate strategy and the detailed operational strategies. Logistics receives its direction from these sources‚ like all other operational functions of the organization. 2) Specific Customer Service Requirements Logistics planning needs the CS
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ELEMENTS OF LOGISTICS MANAGEMENT INTRODUCTION TO LOGISTICS. Chapter 1. Definition: “Logistics is the applied science of defining supporting systems and of planning and implementing the acquisition and use of resources.” Categories of Logistics : 1. Subsistence logistics :- basic necessities of life. it is relatively stable and predictable. 2. operations logistics :- relatively constant and predictable. It starts from raw material utilization
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Report on Market Research Analysis of Logistic Sector. Kalpesh Hiwase MMS Marketing Roll No: 74 Contents Topic Page No. 1. Introduction to Logistic Industry 3 2. What is the need of Market Research ? 9 3. How can the company use Market Research 11 4. Techniques for conducting Market Research 12 5. Sample Market Report Checklist 14 6. Sample Questionaire 17 7. Bibliography 18
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student.They are talking about the new trends of logistics areas.The useful words which may be involved in the dialog are as follows.Please try to design the dialog. J（John） T（Tom） T: Hello Mr.Jonh‚these days I have read some books on the the trends of logistics in the future.But I found that articles about the field is not as enough as I expected. I think the problem has an important significance for the future development of logistics. So I would like to ask your opinion about this
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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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Introduction Reverse logistics is described as the function of handling returned products due to damage‚ expiry‚ end of life & recalls etc. In organizations there are a number of activities that describes Reverse Logistics management but are not recognized and controlled (Fassoula‚ 2007). Reverse Logistics (RL) can be considered as a way to understand the process of movement of products from downstream to the point of production for the purpose of recapturing value and proper disposal (Khan &
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Case 15 Version 2.1 Teletech Corporation‚ 1996 Teaching Note Synopsis and Objectives In January 1996‚ the chief financial officer of this telecommunications company must fashion a response to a raider who claims that a major business segment of this company should be sold because it is not earning a satisfactory rate of return. The case recounts the debate within the company over the use of a single hurdle rate to evaluate all segments of the company versus a riskadjusted hurdle-rate
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EXCEL SOLVER TUTORIAL Many firms face the problem of how to best use multiple scarce resources. Linear programming is designed to help find the product mix that maximizes profits in the short run when multiple constraints exist. While linear programming can be solved as a mathematical problem using pencil and paper‚ it is much more efficient to use Excel Solver. The key to using Excel Solver is to make certain you have modeled the problem correctly and then interpreted the results appropriately
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Logistics is the designing and managing of a system in order to control the flow of material throughout a corporation. This is a very important part of an international company because of geographical barriers. Logistics of an international company includes movement of raw materials‚ coordinating flows into and out of different countries‚ choices of transportation‚ cost of the transportation‚ packaging the product for shipment‚ storing the product‚ and managing the entire process. The concept
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