DEFINITION Philip Kotler‚” Logistics is defined as planning‚ implementing and controlling the physical flow of materials from the point of origin to the point of use‚ to meet customer needs at a profit.” Source Philip Kotler‚Marketing management pearson education According to American Marketing Association‚ logistics may be defined as‚ “the management of all activities which facilitates movement and the coordination of
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Transportation and environmental issues are opposite in nature since transportation deliver socio-economic benefits are great‚ but at the same time impactingenvironmental transportation system. On one side‚ supporting transport activities growing demand for passenger and cargo movement‚ while on the other‚ transportation activities associated with increasing levels of external environment. This has reached the point where transport is the dominant source of the pollution emission and multiple effects
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Logistics is the process of strategically managing the procurement‚ movement and storage of materials‚ parts and finished inventory (and the related information flows) through the organization and its marketing channels in such a way that current and future profitability are maximized through the cost-effective fulfilment of orders. supply chain management The management of upstream and downstream relationships with suppliers and customers to deliver superior customer value at less cost
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Part A Question 1 The four primary logistic activities are: 1. Transportation A key logistics activity is to actually provide for the movement of materials and goods from point of origin to point of consumption‚ and perhaps to its ultimate point of disposal as well. Transportation involves selection of the mode (e.g.‚ air‚ rail‚ water‚ truck‚ or pipeline)‚ the routing of the shipment‚ assuring of compliance with regulations in the region of the country where shipment is occurring‚ and selection
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Assignment 1. There are five logistics/supply chain stories in the video. Suggest an appropriate title that you would give to each story. (10 marks) FarEastFlora- “Delivering love to the one’s we love” Transporting the animals- “Sizing up the Sheep” WLNA- “Keeping it cool on this Sunny Island” NTUC supply chain- “Right product‚ right quantity‚ at the right time!” Keppel Logistics- “The life and benefits of logisticians” 2. What type of logistics does each story belong to? (10 marks)
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Report on International Logistics I. Introduction This report focuses on. the type of inventory decisions that ZK would have to make. the factors the company would take into account when choosing its transport methods. how the company would take into account customer needs when deciding on warehousing facilities. II. Findings 1. The type of inventory decision that ZK would have to make Inventory control is the supervision of supply‚ storage and accessibility of items in order
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Transportation is the one of important thing in our life. If there was not transportation‚ how would we go somewhere or how would goods be transported? In ancient times‚ new places were explored and also nowadays‚ space is being discovered through transportation. If nothing moves‚ nothing happens. Namely‚ life without transportation can not be thought. Many things are invented for transportation until now. The wheel was invented in about 3000 BC. From that time to now‚ transportation styles and vehicles
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475: Supply Chain Logistics (Fall 2013) (Homework #6) Due: November 20th‚ 2014 This is a group assignment. Each group need to submit one (hard copy) of the report in class on November 20th. Problem 1 (20 Points): Two plants are to serve three market points through one or two warehouses. Volume flowing either to or from each point‚ and the associated transportation rates and location are given as follows: Point No Point i X-coordinate Y-coordinate Volume Vi (cwt.) Transportation Rate ($/cwt./mi)
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Transport or transportation is the movement of people‚ animals and goods from one location to another. Modes of transport include air‚ rail‚ road‚ water‚ cable etc. In Guyana‚ transportation is a major issue among many commuters. When commuters complain‚ the authorities place notices in the newspapers‚ informing the public that fare increases have not been approved‚ advising commuters not to pay the increased fares. However‚ not paying the requested fares may result in an assault on the commuter
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functions comes greater and more abstract implementations. RFID (Radio-Frequency Identification) tags are a prime example of an abstract implementation of technology. These devices have been used for tracking the past‚ but they have other capabilities like storing information and analyzing variables. RFID tags have been around for many years; however‚ not until recently has the thought of applying these devices to modern living come to play. RFID tags can and have enabled the possibilities of tracking
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