Applying Lean Logistics to SCM The system of interconnected businesses used to push a product from supplier to consumer is defined as a supply chain. Supply chain management (SCM)[1] focuses on managing the supply chain in an effort to improve the quality and time it requires to manufacture a product. The marriage of lean production and supply chain management creates lean supply chain management‚ which provides a much leaner and more economical supply chain for the product to flow
Premium Supply chain management Supply chain
LIN International Finance Case: Nodal Logistic and Custo Brasil Torreón Coah. PROBLEM: After approval from the company’s executive board‚ John Penman knew that Nodal Logistics Corporation could invest in a $45 million industrial property of 800‚000 square feet in Sao Paulo‚ Brazil. This represented an important long-term opportunity because the company’s global position could be greatly improved. However‚ the problem appear when Nodal Logistics’ legal department received a notification
Premium United States dollar Currency Foreign exchange market
RECOMMENDATION TO ACHIEVE OPERATION OBJECTIVES 11 4. CONCLUSION 11 5. REFERENCES 13 1. INTRODUCTION 1.1. Introduction of the organization Honda Vietnam was established in 1996 and started operation after one year. Currently‚ the company has two motorcycle manufacturing factories and one car manufacturing factory. Within this report’s scope‚ Honda Vietnam‚ the motorcycle manufacturer‚ is discussed in details. The first factory was opened in 1998 and the second in 2008 in Vinh Phuc province‚ with a
Premium Motorcycle Quality control
Strategies for Reverse logistics : ’ Dedicating special areas for Return material storage ’. Table 4.7f Strategies for Reverse logistics: ’ Dedicating special areas for Return material storage ’. a Level of presence. Not at all present Least present Somewhat present Mostly present Present all across Total No. of Respondents 0 2 114 143 9 268 % Respondents 0.0 0.7 42.5 53.4 3.4 100.0 Note. a Level of presence:
Premium Management Employment Strategic management
1a.What logistics management? b. State the six rights in an effective logistics management system. Logistics is defined as process of planning‚ implementing‚ and controlling the efficient flow and storage of goods‚ services‚ and related information from point of origin to the point of consumption for the purpose conforming to customer requirement‚ which also includes the inbound‚ outbound‚ internal‚ and external movements and return of materials for environmental purposes. Logistics Management
Premium Supply chain management Logistics Management
The name of the paper is solving one dimensional cutting stock problem with discrete demands and capacitated planning objective. Cutting stock problems are NP-hard problems and mentioned about what is NP-hard problems. One of classical NP-hard problems which could not be solved within the polynomial computation time is a cutting stock problem. Wongprakornkul and Charnsethikul said that the most powerful algorithm for solving linear problems with many columns is the column generation procedure and
Premium Algorithm Operations research Mathematics
Introduction……………………………………………………………….3/7\ Relationship………………………………………………………………3/7~4/7\ new requirements…………………………………………………………4/7~5/7\ The efficiency and reliability of international logistics…………………..5/7~6/7\ Conclusion ………………………………………………………………….6/7\ References…………………………………………………………………7/7\ International trade and international Logistics The rapid expansion of trade liberalization and the growth of global capital markets and integration‚ information technology and the progressive development
Premium International trade Globalization World Trade Organization
organization. The process of managing stock‚ warehouse inventory‚ and freight transportation is at the heart of logistics. Logistics is the management and coordination of moving inventory from its origination to its ultimate destination. The goal of a logistics team is to find a way to do this process in the most streamlined‚ cost efficient method possible. The overall High costs in the logistics industry though are a cause for concern as they hinder the ability of organisations to provide maximum efficiency
Premium Logistics Transport
STUDY OF PROFITABILITY OF A LOGISTICS COMPANY USING ECONOMETRICS TOOLS Executive summary This study examines the impact of three factors‚ namely Sales‚ Fixed assets and Interest paid on the profitability of a logistics company. Econometric tool of multiple linear regression model was used for analyzing the impact of above factors on profitability of a major logistics company GATI Limited. Based on the financial data of last 10 years 2000-2009 the regression analysis has revealed that profitability
Premium Regression analysis Econometrics Linear regression
is provided by the APICS Dictionary when it defines SCM as the "design‚ planning‚ execution‚ control‚ and monitoring of supply chain activities with the objective of creating net value‚ building a competitive infrastructure‚ leveraging worldwide logistics‚ synchronizing supply with demand and measuring performance globally." Contents [hide] * 1 Origin of the term and definitions * 2 Problems addressed * 3 Activities/functions * 3.1 Strategic level * 3.2 Tactical level * 3
Premium Supply chain management Supply chain Management