Overview: Traditional View: Logistics in the US Economy (2006‚ 2007) * Freight Transportation $809‚ $856 Billion * Inventory Expense $446‚ $487 Billion * Administrative Expense $50‚ $54 Billion * Total Logistics Costs $1.31‚ $1.4 Trillion * Logistics Related Activity 10%‚ 10.1% of GNP Traditional View: Logistics in the Manufacturing Firm -Profit 4% * Logistics Cost 21% * Marketing Cost 27% * Manufacturing Cost 48% Supply Chain Management:
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REPORT ON BEER GAME ABOUT LOGISTICS CHALLENGES 1.0 INTRODUCTION The Product Distribution or "Beer Game" is an experiential exercise designed to help decision makers recognize the value of adopt a holistic and self-motivated approach to problem solving. The game was has been played by 4 of us which is retailer‚ wholesaler‚ distributor and factory. The procedure of the beer game involves dividing the players into teams of four who will run a beer industry. We assume the roles of beer retailer
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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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SMOKED FOOD COMPANY Background Hickory Hill is a well-established smoked foods company specializing in smoked turkeys and has been selling its products throughout the northwestern part of the continental United States since 1967. Initially owned and operated by a German immigrant family‚ the key to the company’s success lay in a secret smoking process native to Rhineland‚ Germany. By 1998‚ the firm owned 250 retail outlets in addition to 400 franchise arrangements. Though the company sold a variety
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ISSUES AND CHALLENGES OF LOGISTICS IN MALAYSIA: A PERSPECTIVE By Mohd Hafizzuddin Md Damiri Summary In the Asia Pacific region‚ the potential for growth in logistics is very promising.Although Malaysia ’s economic growth rate is increasing‚ but advances in logistical in this country is still on modest level. Under the Third Industrial Master Plan (IMP3)‚ which was launched in 2006‚ Malaysia’s logistics development were charted carefully and diligently as to keep on pace with other countries in
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Westminster Company: Jim Smith TLMT312 Public University Professor Williams February 19‚ 2012 Abstract The results of this paper center on the supply chain and logistical functions of an elite pharmaceutical organization in the United States. Westminster Company retains three separate companies‚ which produce and distribute individualized or differentiated commodities independently. This paper will discuss the changes being considered within their supply chain structure‚ which are‚ the
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7 THIRD PARTY LOGISTICS - A NORDIC APPROACH Tage Skj!Jtt-Larsen) A rni Halld6r.~son‚ Dan Andersson) Heidi Dreyer‚ Helge Virum a nd Lauri Ojala Abstract This paper gives an overview o f the TPL research in the Nordic countries. The objective is to see i f there is a "Nordic .School o f TPL"‚which has some distinctive characteristics in terms o f research methodology‚ theoretical approaches or empirical findings. To achieve this‚ the contribution o f Nordic TPL researchers to the international
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Managing product returns for reverse logistics This paper provides a framework to manage product returns for reverse logistics. It takes a specific product catalog in India as an example. It utilizes an integrated framework to estimate returns of products. Next step‚ it makes decisions on operations‚ such as disposition‚ location and capacity of facilities. After that‚ take strategic‚ operational and customer service-related constraints into to consideration to give a time horizon for returned
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then why does this basic practice seem to be missing from so many companies today? The answer is...because it’s hard. It requires a rigorous approach to problem solving‚ a relentless effort to identify and eliminate all forms of inefficiency‚ and a commitment to change the corporate culture that few firms are willing to embrace. In fact‚ a recent study by the management consulting firm Bain & Company found that only 19% of companies that have attempted to implement lean are happy with the results
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Automotive Industry Logistics Arash Riazifar[1] Sydney Graduate School of Management‚ University of Western Sydney 16920314@student.uws.edu.au Abstract In the last decade‚ enterprises and businesses greatly have had emphasize on e-tracking and e-services. However‚ a coherent informational architecture and systematic definition is lacking yet. Although‚ recently new technologies like RFIDs with advanced applications have been introduced‚ many companies cannot compare
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