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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information technology COSCO noticed the importance of information technology among global shipping and modern logistics‚ so it used lots of time and money in research and development of IT. COSCO Network Ltd. of COSCO Group provided software development‚ e-commerce services‚ data center management‚ etc. hence to become an international first class high tech enterprise in Chinas shipping and logistics industries. Company size COSCO owns and controls over 800 modern merchant vessels with a total tonnage of
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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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MSOR/OPMT/MKMR 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
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BMGT 372 - INTRODUCTION TO LOGISTICS AND SUPPLY CHAIN MANAGEMENT CASE 2 QUESTIONS AND POINT VALUES ALTERNATIVE DISTRIBUTION FOR SSI The following questions are intended to guide your analysis‚ but please be sure to adhere to the strategic and technical guidelines regarding formatting (see the example memo provided for you). The point values for each question are also provided‚ to make clear how the case will be graded. The case is worth 10 points total‚ or 10% of the final grade for the
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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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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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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 in a reasonable
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EXECUTIVE SUMMARY In the light of globalization‚ a well- established strategy makes a great contribution to the success of Vinamilk – the leading dairy company in Vietnam. Vinamilk chooses diversification strategy in order to reduce the risks‚ meet the customers’ higher demands and increase the competitive strength. The decision of diversification is based on the deep analysis about the company’s resources‚ value chain‚ core competencies‚ performance and product portfolio. As for resource
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versatility. There is no single "best"‚ "preferred" or "right" way to negotiate; the choice of negotiation strategy requires adaptation to the situation‚ as we will explain more fully in the next section on conflict. Moreover‚ if most negotiation issues/problems have claiming and creating values components‚ then negotiators must be able to use both approaches in the same deliberation. 78. (p. 23) Where would you likely to find the concept of "yielding" on the dual concerns model? Yielding (also
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