What is Logistics? Overshadowed behind all the excitement given to supply chain management and the technology developed to support it is a lesser known part of the business operations known as logistics. Some might regard logistics as mundane and staid compared to other supply chain initiatives but they don’t get the whole picture. However‚ logistics professionals and knowledgeable managers know that to fulfill customer orders effectively and efficiently‚ a business should employ a good logistics
Premium Logistics Supply chain management
ST Logistics Pte Ltd (STL) is a company that deals in Contract Logistics & freight management. It started off in 1983 when they are awarded SAF logistics contract by MINDEF (Singapore Ministry of Defence) managed by Army Logistics Base (ALB) The Function of ST Logistics is to outsources purchasing and storage by ABL. It also acts as the contact point between ALB and suppliers In 1999 STL merged with SembCorp Logistics and in the year 2005‚ STL was acquired by Toll Group (Australia).
Premium Supply chain management Warehouse Industry
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
Premium Management Logistics Supply chain management
1. What is reverse logistics (RL)? How does it differ from forward logistics Reverse logistics is the process of planning‚ implementing‚ and controlling the efficient‚ cost effective flow of raw materials‚ in-process inventory‚ finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal. More precisely‚ reverse logistics is the process of moving goods from their typical final destination for the purpose of
Premium Retailing The Return Logistics
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
Premium 1967 1966 1965
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 quickly and in a more effective way to a changing and Starbucks strategy. Also‚ the improved communication helped to
Premium Starbucks Coffee Coffee culture
mission is “To build a fast car‚ a good car‚ the best in its class ( BentleyMotors‚ 2012)”. Bentley’s Logistics Operations Bentley’s logistics operations work with suppliers and third party Logistics to determine optimum supply chain routes and develop suitable packaging to maintain component quality throughout transportation and handling (BentleyMotor‚ 2012). Inbound logistics Inbound logistics is the activities of receiving‚ storing‚ disseminating incoming inventory parts or material for use
Premium Bentley Logistics Volkswagen Group
While effective logistics systems should not be designed to hold inventory for extended times‚ there are occasions when inventory storage is justified on the basis of cost and service. Storage has always been an important aspect of economic development. In the preindustrial era‚ storage was performed by individual households forced to function as self- sufficient economic units. Consumers performed warehousing and accepted the attendant risks. Warehouses stored inventory in the logistics pipeline‚ serving
Premium Logistics Supply chain management Inventory
marketing and major logistics objectives. Although marketing and logistics can be classified as two totally different subjects in the University‚ there are a lot of similarities‚ and undoubtedly‚ some critical differences. In this article‚ I will begin by discussing the similarities and differences between major marketing and logistics objectives‚ followed by some other discussion on warehousing and inventory management issues. First of all‚ one of the major objectives of both logistics and marketing
Premium Inventory Logistics Supply chain management
Are we living in an age of technological optimism or technological pessimism? In The Idea of Technology and Postmodern Pessimism Leo Marx‚ a leading historian of technology and American culture‚ argues that while technological optimism had been the default mode of American culture throughout most of its history‚ technological pessimism asserted itself to an unprecedented degree in the second half of the twentieth century. His essay traces the roots of what he terms “postmodern pessimism” in the
Premium Technology Karl Marx