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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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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Principles of Logistics Management Istanbul 2012 12.12.2012 2 Logistics Management • Logistics is the art and science of managing and controlling the flow of goods‚ energy‚ information and other resources from the source of production to the marketplace. • Logistics Management is the process of planning‚ implementing and controlling the efficient‚ effective flow and storage of goods‚ services‚ and related information from point of origin to point of consumption for the purpose
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MBA 4.2: LOGISTICS MANAGEMENT Module 1 Introduction to Logistics and its interface with production and Marketing; Measures of Logistics; Physical distribution and logistics. Introduction to Logistics • When total supply chain system is integrated over a firm‚ it is known as logistics • It is an integrated effort aimed at helping customer value at a lower cost. • Without logistical support‚ marketing and manufacturing departments cannot accomplish product in timely or fresh manner. • The value of
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CH1 60. (p. 2) What are the three reasons negotiations occur? Negotiations occur for several reasons: (1) to agree on how to share or divide a limited resource‚ such as land‚ or property‚ or time; (2) to create something new that neither party could do on his or her own‚ or (3) to resolve a problem or dispute between the parties. 70. (p. 15) Describe the strategies and tactics a negotiator would employ in a distributive bargaining situation. In distributive situations negotiators are motivated
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it’s also pulling-in and in many cases locking-in customers with an unprecedented level of technological integration. Since its inception in 1973‚ Federal Express Corporation had transformed itself from an express delivery company to a global logistics and supply-chain management company. Over the years‚ the Company had invested heavily in IT systems‚ and with the launch of the Internet in 1994‚ the potential for further integration of systems to provide services throughout its customers’ supply-chains
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DCH Logistics Planning for La Cafetière What are the advantages of having a bonded Warehouse and how can it help in doing international business? A Bonded Warehousing can be defined as storage‚ manipulation‚ or further manufacturing of dutiable goods in a building or other secured area without the payment of duty on it. Advantage: Goods can stay in a bonded warehouse for an unlimited period of time‚ and no import duties and VAT will have to be paid until the moment they are actually imported
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Logistics from a Historical Perspective R-Jay P. Quiambao‚ CIE Defining Logistics • The origin of the term logistics comes from the French word ―logistique‚‖ which is derived from ―loger‖ meaning quarters (as in quartering troops). 2 Defining Logistics • The practice of logistics in the military sector has been in existence for as long as there have been organized armed forces: – the supply‚ movement‚ and maintenance of an armed force both in peacetime and in battle conditions. 3 Logistics
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Research paper E-logistics and the natural environment Joseph Sarkis‚ Laura M. Meade and Srinivas Talluri The authors Joseph Sarkis is in the Graduate School of Management‚ Clark University‚ Worcester‚ Massachusetts‚ USA. Laura M. Meade is in the Graduate School of Management‚ University of Dallas‚ Irving‚ Texas‚ USA. Srinivas Talluri is in the Department of Marketing and Supply Chain Management‚ Eli Broad College of Business Administration‚ Michigan State University‚ East Lansing‚ Michigan‚ USA
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HALAL LOGISTIC Definition Halal logistics is the process of managing the material flow and information flow throughout the supply chain in accordance to a Halal standard. Halal is used to describe anything permissible under Islamic law‚ in contrast to haram‚ that which is forbidden. This covers aspects such as behaviour‚ speech‚ dress‚ conduct‚ manner‚ and dietary laws. CHARACTERISTIC OF HALAL LOGISTIC Halal
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