Definition of ’Carrying Cost Of Inventory’ This is the cost a business incurs over a certain period of time‚ to hold and store its inventory. Businesses use this figure to help them determine how much profit can be made on current inventory. It also helps them find out if there is a need to produce more or less‚ in order to keep up with expenses or maintain the same income stream. Carrying cost of inventory is often described as a percentage of the inventory value. This percentage could include
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affecting organizations‚ affecting international logistic activities Uncontrollable environment is one major condition which is unpredictable and uncertain. Regardless of what it might be‚ an uncontrollable environment will negatively affect any organization effort‚ no matter which function it is and perhaps the objectivities and strategies of the business. Today‚ business is a global market. In one way or another‚ we are all closely connected. The logistics systems have had the result of shrinking the
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ROBERT C. LIEB BROOKS A. BENTZ The Use of Third-Party Logistics Services by Large American Manufacturers: The 2003 Survey Abstract This article reports the findings of a survey of large American manufacturers concerning their use of third-party logistics services. Data generated in the survey show that the use of such services by this group of companies continues to grow and that the service providers continue to deliver logistics cost and service improvements to their customers‚ both domestically
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The Analysis of Hong Kong SASA’s Supply Chain and Logistics System ZHANG Chaoying‚ WEI Xiao Beijing Institute of Petrochemical Technology‚ P.R.China‚ 102600 zhangchaoying@bipt.edu.cn Abstract:Hong Kong SASA International Holdings Limited is the largest and leading cosmetics retailing and beauty care service group in Asia. Its sale prices are much lower than those of exclusive stores and counters because it adopts the strategy of bulk purchase throught the world and marketing many brands comprehensively
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015-0781 Toyota Motor European (TME) Sustainable Logistics: An Example to Brazil Authors: Camila Papa Lopes – Unisantos – camilapapa@hotmail.com Av. Monteiro Lobato 520 – São Vicente – 55-13-9119-1183 Dr. Getulio Kazue Akabane – Unisantos – akabane@webrazil.com.br Rua Dr. Carvalho de Mendonça 144 – Santos – 55-11-99787520 Prof. Washington Luiz Pereira Soares – Unisantos – washington@itri.com.br Dr. Carvalho de Mendonça 144 – Santos – 55-13-97817942 Prof. Rafael Mateus Barreto – Unisantos
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value of 1 for agreeing the traffic-free zones and 0 for disagreeing). For respondents rating agree or strongly agree‚ the value of 1 is assigned while value of 0 is assigned to respondents not agreeing the traffic-free proposal. The logistic regression analysis in this dissertation was used to predict the outcome of the acceptance of traffic-free zone (value of 1) based on various attributes. To analyse the variable which is categorical such as trip purpose‚ one category within each
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Proceedings of the 8th WSEAS International Conference on SYSTEM SCIENCE and SIMULATION in ENGINEERING Reverse Logistics for Electrical and Electronic Equipment: a modular simulation model L. GUERRA‚ T. MURINO‚ E. ROMANO Department of Materials Engineering and Operations Management University of Naples “Federico II” P.le Tecchio – 80125 Napoli ITALY luigi.guerra@unina.it murino@unina.it elromano@unina.it http://www.impianti.unina.it Abstract: In recent years there has been a significant
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Hence‚ the aim of this paper is discuss various information technology trends which support future logistics operations in order to gain a competitive advantage. 2. Using IT for Global Supply Chains In this part of the paper I will clearly outline various information technologies which support future logistics operations. According to Hammant these technologies can be grouped into four different categories namely integration and flexibility‚ electronic
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Project title: “Technology has been at the center of changes taking place that affect the supply chain.” Discuss the impact of the Internet or Information Technology on Logistics Management.” Table of content Page No Executive summary 2 Customer service 2 Warehouse and Storage Management 3 Inventory Planning 4 Transport Management 4 Case study 5 Answer of the question “Would you recommend the use of IT in your work area? Reference 6 Executive Summary Information technology
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2‚ 2008 Outsourcing Distribution to a Third Party Logistics Provider Relying Upon Cost Savings Criteria B. Hirkó Department of Logistics and Forwarding‚ Széchenyi István University H-9026‚ Győr‚ Egyetem tér 1. Hungary e-mail: hirko@sze.hu Abstract: Outsourcing logistics areas is widely regarded for the last decades as a useful approach to reducing costs and gaining competitive advantage. Thus‚ the strategy of employing third-party logistics (3PL) providers’ services has attracted growing interest
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