What is logistic? Deal with the management of the flow of goods or materials from point of origin to point of consumption‚ and in some cases even to the point of disposal. Logistics is not confined to manufacturing operations alone. It is relevant to all enterprises‚ including government institutions such as hospitals and schools‚ service organization such as retailers‚ banks and financial service organizations. Logistics is dependent upon natural‚ human‚ financial and information resources for
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Logistics Administration. Objective: To provide the students with the basic elements of the logistics administration and the physical distribution in order to take the right decisions. Compendia: a) Total Distribution Concept and logistics administration b) Customer service‚ logistics and customer service and customer service vs. cost c) Channel of distribution strategy‚ selection of the channel and distribution d) Warehousing Total Distribution Concept and logistics
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Unit Code & Unit Title: DL101 Introduction to logistics management 2. Course of Study: Diploma in Logistics Management 3. Year of Study: Year One 4. Year and Semester: Semester 2‚ 2014 5. Reading List: Main Text: 1. Paul R. Murphy‚ Jr‚ Donald F. Wood‚ Contemporary Logistics‚ Pearson education 2. John J. Coyle‚ C. John Langley‚ Jr.‚ Brian J. Gibson‚ Robert A. Novack‚ Edward J. Bardi (2011)‚ Supply Chain Management: A Logistics Perspective‚ 8th Edition‚ Cengage Learning
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1. Did it surprise you that logistics can be such an important component in a country’s economic system? Why or why not? Logistics plays a key role in the economy in two significant ways. First‚ logistics is one of the major expenditures for businesses‚ thereby affecting and being affected by other economic activities. In the United States‚ for example‚ logistics contributed approximately 10.3 percent of GDI in 1996. U.S. industry spent approximately $451 billion on transportation of freight
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more stores in malls tweaking the model (4). The relationship with their long-standing 3 PL partner company OHL has been redefined after Mr.Schultz returned as chief executive and have been improved enormously implementing day-today and peer-to-peer relationship instead of having a relationship ‘within arm reach’ as per Greg Javor‚ Vce President of Global Logistics for Starbucks Coffee Company (1). The relationships were leveraged to the key levels between the partners and allowed OHL to react
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would suspect‚ the mirror image of the supply chain. the demand chain is a sequence of backward-reaching processes‚ initiated by the end-customer‚ that enable companies to anticipate demand characteristics within a given market. Fisher
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Logistics and facility costs incurred within a supply chain change as the number of facilities‚ their location‚ and capacity allocation is changed. Companies must consider inventory‚ transportation‚ and facility costs when designing their supply chain networks. Inventory and facility costs increase as the number of facilities in a supply chain increase. Transportation costs decrease as the number of facilities is increased. If the number of facilities increases to a point where inbound. Economies
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Logistic planning and management largely focus on lowering the cost associated with producing and distributing products under a variety of constraints. Logistics can be meant in different aspects of terms. In the perspective of Customer‚ the definition is getting the right product‚ to the right customer‚ in the right quantity‚ in the right condition‚ at the right place‚ at the right time and at the right cost. In the perspective of utility and value‚ the definition is providing the time and place
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Question No. 1. Write Short Notes on: 1. Materials Requirement Planning Material Requirements Planning (MRP) is a computer-based production planning and inventorycontrol system. MRP is concerned with both production scheduling and inventory control. It isa material control system that attempts to keep adequate inventory levels to assure that requiredmaterials are available when needed. MRP is applicable in situations of multiple items with complexbills of materials. MRP is not useful for
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there are some other factors‚ like management etc.‚ that you need in order to lead a successful theme park. But some of those are not really relevant to logistics. That is why I chose to concentrate on the above list of things. The attractions: The first thing I think of when I think of a theme park are the attractions‚ the question concerning logistics that immediately pops into my mind is: How do you get such large attractions to the destination they are needed? These attractions are not carried
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