Logistics is a Diverse and dynamic function. As Rushton (2006) contents that a widely accepted view of logistics shows the following relationship: Logistics = Supply + Materials management + Distribution It is first important that we get a better understanding of the relationship shown above by defining the variables involved. Supply in the above equation can be said to incorporate supply chains while materials management comes into play because it is mainly concerned with the flow of materials
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Logistics comprises a relatively large number of managerial activities. Discuss five of these activities and why they are important to logistics system. 1. Transportation Transportation is one of important activity in Supply Chain Management. It is the major connector of the upstream and downstream of a supply chain. It is that aspect of the supply chain that takes goods and services to the retail end. It is the major promoter of globalization and as such is one that is to be given high attention
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1. How can Design for logistic concepts be used to control logistic cost and make the supply chain more efficient? Design for logistics is a series of concepts in the field of supply chain management involving product and design approaches that help to control logistics costs and increase customer service levels. The concepts include the three key components‚ Economic packaging and transportation‚ Concurrent and parallel processing‚ and Standardization. Economic packaging and transportation
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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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Transportation Logistics and Economic Decline: Politics‚ Infrastructure and the Recession Final Project Ricky Dartez – 4171437 TLMT498‚ Summer 2012 Dr. Ernest L. Hughes October 28‚ 2012 Table of Contents Abstract…………………………………………………………………………………………….3 Introduction…………………………………………….……………….………………………….4 The Scope of Logistics’ Economic Impact..…...………………………….……………………….5 The Economy of Logistics: Macro and Micro Perspectives…………….…………………………8 Impacts of the Great Recession………………………………………………………………
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the international logistics management importance in today’s business practice? Definition Logistics management is that of the supply chain process that plans‚ implements‚ and controls the efficient‚ effective flow and storage of goods service‚ and related information from the point-of origin to the point of consumption in order to meet customers’ requirements. Logistics’ role in economy Logistics play a key role in the economy in two significant ways. First‚ logistics is one of the major
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There third party logistics service providers(3PLs) are experts in the management and flow of freight‚allowing customers to focus their resources on other activities.Some of these larger organizations provide a one-stop shopping solution where customers can purchase all their transportation service needs‚regardless of mode or geographic requirements. Types of 3PL providers While many 3PLs promote themselves as integrated service providers with a comprehensive range of logistics activity.Hence‚the
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The analysis of the cost in logistics distribution of Wal-Mart supermarket Contents 1.The related concepts of the distribution cost…………………………………………………………1 1.1Definition……………………………………………………………………………………………………….1 1.2 The constitution of the logistics distribution cost………………………………………….1 2.The analysis of factors influencing logistics distribution cost………………………………….1 2.1 The service level of logistics distribution………………………………………………………2 2.2 The rationality of transport vehicle
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Tien create value for its products through logistics activities in keeping the business running? In answering to this question‚ three examples are chosen and will be examined clearly below. * Combining manufacturing and distributing plants By having own stores in Hanoi where ice cream is manufactured and sold directly to end customers‚ Trang Tien is able to reduce warehousing cost as well as transportation cost‚ two relatively high costs in logistics (Adapted from: Council of Supply Chain Management
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Strategic Alliance on Logistic Enterprises – Trend and Government Tactics Abstract It has been admitted by the global enterprises that Strategic Alliances is a means to create value for enterprises. Logistical services’ globalization and synthesization promotes the strategic alliances among logistical companies. Under the circumstances‚ to view from macrofields‚ Chinese governments of all levels should try hard to break through departmentalism and regional protection so as to promote a
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