Logistics is the designing and managing of a system in order to control the flow of material throughout a corporation. This is a very important part of an international company because of geographical barriers. Logistics of an international company includes movement of raw materials‚ coordinating flows into and out of different countries‚ choices of transportation‚ cost of the transportation‚ packaging the product for shipment‚ storing the product‚ and managing the entire process. The concept
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1. Why is it important for a firm to periodically review its logistics network design? How do a firm’s requirements for its logistics network change over time? 為何公司週期性地檢視物流網路設計是重要的？公司該如何要求物流網路隨著時間改變？ The factors that affect the performance of the logistics network are not static‚ i.e.‚ they change over time. These factors include demand‚ product design‚ various costs in the logistics network‚ regulations‚ contracts‚ etc. The effects of these dynamics need to be evaluated periodically in order
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Logistics October 28‚ 2008 The articled uploaded are very good and should be read. The lecture does not follow the format of the book but the book is easy to read and forms a background to the course. Preferred definition: (what is logistics? why are we studying logistics) Slide Logistics/concept 3 In the definition‚ every word counts. Key words underlined. Logistics is a process – continually doing it‚ not just once. You plan‚ implement and control. It includes a planning function‚ something
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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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................................................................. 9 2.1 2.1.1 2.1.2 2.1.3 2.1.4 2.2 2.2.1 2.2.2 2.3 2.3.1 2.3.2 2.3.3 2.3.4 2.3.5 2.4 2.4.1 2.4.2 2.4.3 2.5 2.5.1 2.5.2 2.5.3 2.5.4 3 CAR GPS NAVIGATION SYSTEMS.............................................................................................................. 14 3.1 3.2 3.2.1 3.2.2 3.2.3 3.2.4 3.3 4 BRIEF REVIEW .....................................................................
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absent tend to perform poorly in this course. Contribution to the Class - Students are expected to contribute to the class by:- 1. Attending class and being in class on time; 2. Being prepared for class; 3. Being familiar with the concepts and issues covered in the lecture; 4. Asking questions‚ especially if something is unclear; 5. Participating in class discussion and exercises; 6. Performing their share of work on group exercises and assignments; and 7. Behaving
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crisis in 2008 has shown that the global economy is not as rigid and indestructible as it was thought to be. The crisis has brought staggering levels of unemployment‚ even to the most prosperous and sturdy economies of the world‚ a sharp contraction within the labor market‚ it has reduced consumer spending in general and it shook currencies and GDP’s to their foundations. Not to mention the required bailouts which were paramount to the rescue of the financial systems of the wealthiest nations‚ after
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What is logistics? "Logistics means having the right thing‚ at the right place‚ at the right time." [pic] Logistics - (business definition) Logistics is defined as a business planning framework for the management of material‚ service‚ information and capital flows. It includes the increasingly complex information‚ communication and control systems required in today ’s business environment. -- (Logistix Partners Oy‚ Helsinki‚ FI‚ 1996) Logistics - (military definition) The science of planning
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By definition‚ “a two-party system is a political system in which two strong and established parties compete for political offices” (Sidlow & Henschen p.146). The Democrats and the Republicans make up our two party system. Some may wonder why the United States has only Democrats and Republicans as their political parties and if there is an opportunity for other parties. There are many factors that are considered relevant in the conjunction of the existence of the two-party system. Likewise‚ there
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(running total 2). Now‚ with executing up to time = 9 so far‚ you look through the list of arrival times in the arrival column above‚ you will see that not only is P3 ready but a shorter job‚ P4‚ arrived while P2 was executing as well‚ so among the two waiting processes‚ P4 will be chosen as its burst time is less‚ P3’s burst time = 9‚ whereas P4’s burst time is only 1‚ this is why it is called shortest-Job-First scheduling algorithm‚ it looks at the arrival times‚ and compares the jobs it has waiting
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