Chapter 1 An overview of logistics Economic impacts of logistics Economic utility (the value or usefulness of a product in fulfilling customer needs or wants) 4 general types: * Possession utility : the value or usefulness that comes from a customer being able to take possession of a product * Form utility : a product’s being in a form that can be used by the customer and is of value to the customer(allocation; smaller quantities that are desired by customers) * Place utility :having
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I thank my school---Singapore Institute of Materials Management‚ I’m fortunate I can enter this school. He takes me enter new sector about logistics‚ make me deeply interest to logistics. Secondary‚ I would like to express my heartfelt gratitude to lectures who led me into the world of translation. I am also greatly indebted to the lectures at the logistics: Mr. Romeo N.Dumaguing‚ Mr. Dickson Lee‚ Mr. Max Mew‚ Mr. Henry Leong‚ Mr. Goh SK‚ Mr.`Yong SC who have instructed and helped me a lot in the
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collaborating to leverage strategic positioning and to improve operating efficiency. Within a firm’s supply chain mgt‚ logistic is the work required to move and geographically position inventory. The supply chain mgt is driving the world’s major global companies. Ten years ago‚ the typical supply chain for manufacturing companies was domestic. Today-thanks to the migration of manufacturing to China and other lower-cost countries-it’s just as likely to be global. Since globalization supply chain
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1. Logistics is the key to the success of supply chain of a business firm. Define. A supply chain consists of the series of activities and organisations that materials move through on their journey from initial suppliers to final customers. Logistics is the function responsible for all aspects of the movement and storage of materials on their journey from original suppliers through to final customers. Logistics are integral to the supply chain. They include inbound shipments‚ outbound shipments
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Case: Mosby Design and Manufacturing is currently manufacturing part RB911‚ producing 40‚000 units annually. The part is used in the production of several products made by Mosby. The cost per unit for RB911 is as follows: Table 1: Allocation of cost for Mosby’s RB911 Cost per unit Not to buy or purchase from other suppliers To purchase from another supplier Direct materials $9.00 Inclusive in the price Direct labor $3.00 Inclusive in the price Variable overhead $2.50 Inclusive in the price Fixed
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DEFINITION Philip Kotler‚” Logistics is defined as planning‚ implementing and controlling the physical flow of materials from the point of origin to the point of use‚ to meet customer needs at a profit.” Source Philip Kotler‚Marketing management pearson education According to American Marketing Association‚ logistics may be defined as‚ “the management of all activities which facilitates movement and the coordination of
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Visual Art Elements & Principles of Design Copyright © 2009 www.digiartport.net The Elements of Art One of the main objectives of this course is to learn how to critically analyze art works‚ including your own and how to communicate about the arts and communicate with art. To do this‚ it is necessary to have a basic understanding of the elements of art commonly referred to as the language of art. The elements are what the artist uses to create the work (with or without intent) and what the critic
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Logistics is the management of the flow of resources between the point of origin and the point of destination in order to meet some requirements‚ for example‚ of customers or corporations. The resources managed in logistics can include physical items‚ such as food‚ materials‚ equipment‚ liquids‚ and staff‚ as well as abstract items‚ such as information‚ particles‚ and energy. The logistics of physical items usually involves the integration of information flow‚ production‚ material handling‚ packaging
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Primary National Strategy KEEP Key Elements of Effective Practice Guidance Curriculum and Standards For use by Local Authorities in their work with settings providing government-funded early education Status: Recommended Date of issue: 02-2005 Ref: DfES 1201-2005 G Contents KEEP Key Elements of Effective Practice 3 Introduction 5 What is KEEP? 6 Why is KEEP necessary? 6 What is KEEP for? 7 Who is KEEP for? 7 How should KEEP be used strategically by a local authority? 8 How does
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cNATIONAL ECONOMICS UNIVERSITY‚ HANOI BTEC HND IN BUSINESS AND MANAGEMENT ASSIGNMENT COVER SHEET | | |NAME OF STUDENT |Pham Thi Thuy Trang | |REGISTRATION NO. |1013103214 | |UNIT TITLE |Common Law
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