system function and its key elements 6 4. JIT enhances customer satisfaction 8 5. Counter arguments and examples of successful JIT systems 10 6. Summary 11 References 12 LIST OF FIGURES FIGURE 1. Relationship of the benefits of JIT for organizations and customers. 9 FIGURE 2. Kanban system 7 1. Background information The objective of the term paper is to introduce and highlight the benefits of Just-In-Time (JIT) systems for customer satisfaction‚ and the industry types that can
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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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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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Logistics comprises a relatively large number of managerial activities. Discuss five of these activities and why they are important to logistics system. 1. Transportation Transportation is one of important activity in Supply Chain Management. It is the major connector of the upstream and downstream of a supply chain. It is that aspect of the supply chain that takes goods and services to the retail end. It is the major promoter of globalization and as such is one that is to be given high attention
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EVALUATION OF MARKETING AND LOGISTICS INTERFACE AND ITS ADVANTAGES IN AN ORGANIZATION Submitted Manikanta ABSTRACT This study ON EVALUATION OF MARKETING AND LOGISTICS INTERFACE AND ITS ADVANTAGES IN AN ORGANIZATION. This research paper is basically to evaluate the marketing and logistics cooperation and to know its importance in any organization .The primary purpose of the paper is to find the advantages of an organization to have Marketing and logistics interface. This research required
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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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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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Network Development in the Managed Care Organization To guarantee that its members receive appropriate‚ high level quality care in a cost-effective manner‚ each managed care organization (MCO) tailors its networks according to the characteristics of the providers‚ consumers‚ and competitors in a specific market. Other considerations for creating the network are the managed care organization’s own goals for quality‚ accessibility‚ cost savings‚ and member satisfaction. Strategic planning for networks
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MANAGEMENT AND ACCOUNTING WEB | Maaw Home | Contents | Bibliography | Maaw ’s Book | Books | Journals | Summaries | Marketplace | Software | Gadgets | Introduction | Main Topics | Search maaw | Grad Course | Textbooks | Journal Bibs | Links | Maaw ’s Blog | Videos | Contribute | Goldratt‚ E. M. and J. Cox. 1986. The Goal: A Process of Ongoing Improvement. New York: North River Press.Summary by Chris Hourigan University of South Florida‚ Spring 2001 | The Goal is a very compelling novel
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Why is diversity an important challenge facing organizations today? In today’s organizations‚ diversity has become an important challenge for managers. The main diversity focus in the population‚ the workforce‚ and the market-place; in fact‚ there is no manager can afford to ignore‚ and the diversity issues are growing more complex than before years. Groups of organization seeking full inclusion in the workplace‚ some of diversity are based on workforce diversity. Now organizations recognize that
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