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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Executive Summary The development of information technology has caused the nature of logistics and supply chain management changing dramatically. Furthermore‚ the relationship between retailer and supplier changed as well due to the changing of retail exchanges. As retailers are going to gain much more business opportunities and reduce cost on supply chain‚ it has affected the supplier in somehow. According to the change‚ there are some issues cannot be ignored because of the importance of the
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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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Abstract The rapid development of global commerce has drove logistics to reduce products lifecycles‚ increase response and action efficiency and optimize investments of inventory for current businesses. Therefore‚ logistics plays a pivotal role in nowadays commerce. The objective of the report is to discuss and evaluate the existing logistics theories. Whereas‚ DHL will be selected as a case study so as to get a further understanding on logistics according to the analysis result. Introduction As with
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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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References: Bowersox‚ Donald J.‚ Closs‚ David J. & Cooper‚ M.Bixby : “Supply Chain Logistics Management”‚ The MCGraw-Hill Companies‚Inc. ‚ 2nd ed. 2007. Bowersox‚ Donald J.‚ Closs‚ David J. and Theodore P.Stank‚ 21 st Century Logistics: Making Supply Chain Integration a Reality ‚ Oak Brook‚ IL; Council of Logistics Management‚ 1999. Copacino‚ William C. “Supply chain management: The basics and beyond”‚ CRC Press LLC‚ 1997. Schroeder‚ Roger G. : “Operations
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Final exam logistics 1.) Ikea case: (the 3 main topics) a. Competition between suppliers The structure of Ikeas logistic creates a high competition between their suppliers. It is because Ikea is subdivided into (many) Trading Areas‚ which compete for the commissions the headquarters of Ikea (Ikea of Sweden) gives. Each Trading Area tries to find the best thus cheapest solution for producing and delivering a product‚ so each of them negotiate with their suppliers and make an offer to the headquater
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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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Report on International Logistics I. Introduction This report focuses on. the type of inventory decisions that ZK would have to make. the factors the company would take into account when choosing its transport methods. how the company would take into account customer needs when deciding on warehousing facilities. II. Findings 1. The type of inventory decision that ZK would have to make Inventory control is the supervision of supply‚ storage and accessibility of items in order
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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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