FUNDAMENTAL OF LOGISTIC MANAGEMENT AND STRATEGY Xi-Er Dang Abstract This paper provides a basic but fundamental understanding of logistic primarily based on the book of “Logistics Management and Strategy” by Harrison and van Hoek. It will guide you through from the basic definition and concepts to the different supply chain strategies that exist‚ as well as providing a perception on the future logistic development. Explanation of principal terms like logistic‚ supply chain management and supply network
Premium Supply chain management Supply chain Logistics
possible success or failure of particular strategies. Scenarios are detailed and plausible views of how the environment of an organization might develop in the future based on key drivers of changes about which there is a high level of uncertainty. Porter’s five Forces Framework Porter’s five forces theory analyses the competition that surrounds a company‚ measuring its intensity and helping this same company finding solutions to adapt its strategy depending on the type of existing competition
Premium Perfect competition Monopoly Competition
Sealord is the largest New Zealand based fishing company (Nissui‚ 2011) and is headquartered in Auckland. It is partially owned by Aotearoa Fisheries Limited and the Japanese based company “Nissui”‚ with each holding a 50% share.(Aotearoa Fisheries Ltd‚ 2010) Sealord is part owner of fishing company “Westfleet” based in Greymouth and NIMPL‚ a mussel farm based in Tauranga. Sealord has alliances in Europe‚ Asia and the United States (Sealord‚ 2010).The industry that Sealord operates in is that of the fishing
Premium Strategic management Balanced scorecard Overfishing
How is e-Business helping companies to compete? The internet is an extremely important new tool in business; it has received great interest from companies in all industries (Dien 2003)‚ it is up to individual firms to decide how the internet should be used alongside traditional methods of operation to maximise strategic advantage (Porter 2001; Chaffey 2009). E-business is the use of the internet to empower the business process‚ changing relationships with customers‚ suppliers and other stakeholders
Premium Small business
How companies can position their products for competitive advantage in the marketplace? Discuss. HOW TO GAIN A COMPETITIVE EDGE Examine your business and its key operations‚ policies and relationships with customers to determine what you should work on to compete more effectively. What You Should Know Before Getting Started Gaining a Competitive Advantage Marketing Position Company Resources and Opportunities Evaluation of Opportunities Defining the Process Choosing a Competitive Edge What
Premium Marketing Customer Customer service
This report discusses the marketing budget of a small suburban bar(Bar X) and the forecasting techniques in which the organisation may use in negotiating the marketing budget‚ taking into consideration the implications of the marketing budget upon the marketing mix in relation to the organisation. “Marketing is often thought to be only selling and advertising. However‚ marketing consists of many other functions that can be seen far more important than just the exchange of goods.” (Kotler & Amrstrong
Premium Marketing
Forecasting Methodology Forecasting is an integral part in planning the financial future of any business and allows the company to consider probabilities of current and future trends using existing data and facts. Forecasts are vital to every business organization and for every significant management decision. Forecasting‚ according to Armstrong (2001)‚ is the basis of corporate long-run planning. Many times‚ this unique approach is used not only to provide a baseline‚ but also to offer a prediction
Premium Forecasting Moving average Future
Is there any link between Corporate Social Responsibility‚ Blue Ocean Strategy & Competing for the Future? Discuss. Corporate Social Responsibility Corporate initiative to assess and take responsibility for the company’s effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups. Companies have a lot of power in the community and in the national economy. They control
Premium Social responsibility Corporate social responsibility Socially responsible investing
“pervasive”? In the workplace‚ IT has become commonplace. It is becoming rare for an employee in most industries to go a day without interacting with some form of IT. Further‚ more employees are becoming reliant upon IT for some of their daily tasks or even may perform the majority of their daily work using IT. However‚ IT has not only become pervasive in the workplace: IT can also commonly be found in the home and in public areas. In fact‚ by the end of the 1990s‚ these technologies
Premium Management Enterprise resource planning Internet
confronted with the general problem of having to make decisions under conditions of uncertainty. Management must understand the nature of demand and competition in order to develop realistic business plans‚ determine a strategic vision for the organization‚ and determine technology and infrastructure needs. To address these challenges‚ forecasting is used. According to Makridakis (1989)‚ forecasting future events can be characterized as the search for answers to one or more of the following questions: X
Premium Forecasting Time series Prediction