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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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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The analysis of the cost in logistics distribution of Wal-Mart supermarket Contents 1.The related concepts of the distribution cost…………………………………………………………1 1.1Definition……………………………………………………………………………………………………….1 1.2 The constitution of the logistics distribution cost………………………………………….1 2.The analysis of factors influencing logistics distribution cost………………………………….1 2.1 The service level of logistics distribution………………………………………………………2 2.2 The rationality of transport vehicle
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Tien create value for its products through logistics activities in keeping the business running? In answering to this question‚ three examples are chosen and will be examined clearly below. * Combining manufacturing and distributing plants By having own stores in Hanoi where ice cream is manufactured and sold directly to end customers‚ Trang Tien is able to reduce warehousing cost as well as transportation cost‚ two relatively high costs in logistics (Adapted from: Council of Supply Chain Management
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Strategic Alliance on Logistic Enterprises – Trend and Government Tactics Abstract It has been admitted by the global enterprises that Strategic Alliances is a means to create value for enterprises. Logistical services’ globalization and synthesization promotes the strategic alliances among logistical companies. Under the circumstances‚ to view from macrofields‚ Chinese governments of all levels should try hard to break through departmentalism and regional protection so as to promote a
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JOURNAL OF BUSINESS LOGISTICS‚ Vol. 25‚ No. 1‚ 2004 145 THE ROLE OF PURCHASING IN CORPORATE SOCIAL RESPONSIBILITY: A STRUCTURAL EQUATION ANALYSIS by Craig R. Carter University of Nevada‚ Reno and Marianne M. Jennings Arizona State University Researchers over the past several years have advocated that the role of logistics must expand to encompass social responsibility (Bowersox 1998; Poist 1989; Stock 1990). Most recently‚ Murphy and Poist (2002) noted that research in the area of socially responsible
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DEPARTMENT OF SHIPPING AND LOGISTICS MANAGEMENT BMFI PARTIAL FUFILMENT OF THE REQUIMENT FOR THE ADVANCED DIPLOMA IN SHIPPING AND LOGISTICS MANAGEMENT AUGUST 2013 INTRODUCTION Integration is an essential element for providing maximum value to the end customers‚ when shipping a product overseas as part of a commercial transaction‚ the exporters must be aware of some requirements. Logistics is the management of
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FORD MOTOR COMPANY AND PENSKE LOGISTICS CASE STUDY KEVIN BRAVO EMBRY RIDDLE AERONAUTICAL UNIVERSITY MARCH 4‚ 2012 Abstract In this case study I would highlight the importance of Penske Logistics to Ford Motor Company‚ one of the world’s largest automotive manufacturers. Penske has a good reputation and are highly valuable in the logistics field. They are very famous in using a process that identifies and removes errors efficiently with a set of tools that increases productivity in the
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Globalization and the consequently expansion of the geographical firm’s borders led an increase of the international transport’s demand‚ promoting the develop of transport’s sector. In fact‚ the growth of the amount of freight being traded‚ as well as‚ a great variety of origins and destinations promotes the importance of international transportation as a fundamental element supporting the global economy. In particular‚ since the trading distances involved are often considerable‚ there has been
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