1. What is reverse logistics (RL)? How does it differ from forward logistics Reverse logistics is the process of planning‚ implementing‚ and controlling the efficient‚ cost effective flow of raw materials‚ in-process inventory‚ finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal. More precisely‚ reverse logistics is the process of moving goods from their typical final destination for the purpose of
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1. Did it surprise you that logistics can be such an important component in a country’s economic system? Why or why not? Logistics plays a key role in the economy in two significant ways. First‚ logistics is one of the major expenditures for businesses‚ thereby affecting and being affected by other economic activities. In the United States‚ for example‚ logistics contributed approximately 10.3 percent of GDI in 1996. U.S. industry spent approximately $451 billion on transportation of freight
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DHL Logbook - in cooperation with Technical University Darmstadt Historical development of logistics The great logistics success story Logistics has been playing a fundamental role in global development for almost 5‚000 years now. Since the construction of the pyramids in ancient Egypt‚ logistics has made remarkable strides. Time and again‚ brilliant logistics solutions have formed the basis for the transition to a new historical and economic era. Examples of this fundamental progress include
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HALAL LOGISTIC Definition Halal logistics is the process of managing the material flow and information flow throughout the supply chain in accordance to a Halal standard. Halal is used to describe anything permissible under Islamic law‚ in contrast to haram‚ that which is forbidden. This covers aspects such as behaviour‚ speech‚ dress‚ conduct‚ manner‚ and dietary laws. CHARACTERISTIC OF HALAL LOGISTIC Halal
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marketing and major logistics objectives. Although marketing and logistics can be classified as two totally different subjects in the University‚ there are a lot of similarities‚ and undoubtedly‚ some critical differences. In this article‚ I will begin by discussing the similarities and differences between major marketing and logistics objectives‚ followed by some other discussion on warehousing and inventory management issues. First of all‚ one of the major objectives of both logistics and marketing
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there are some other factors‚ like management etc.‚ that you need in order to lead a successful theme park. But some of those are not really relevant to logistics. That is why I chose to concentrate on the above list of things. The attractions: The first thing I think of when I think of a theme park are the attractions‚ the question concerning logistics that immediately pops into my mind is: How do you get such large attractions to the destination they are needed? These attractions are not carried
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rP os t KEL019 SUNIL CHOPRA Excel Logistics Services Background op yo “The quality of our performance has improved significantly‚ but stores continue to complain about our deliveries‚” said John Margolis‚ general manager of the Springfield Warehousing and Distribution Center (WDC) run by Excel Logistics Services. Margolis looked at the customer satisfaction survey for the fourth quarter of the previous year. “At this point‚ it is becoming increasingly difficult for us to make
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Case Study 14.3: EFI Logistics Questions 1. Do EFI’s marketing strategies appear to be appropriate? The EFI’s marketing strategies is to not lose the customers they have‚ and this means that they have to respond to each call quickly and knowledgeably‚ and then providing excellent service. Excellent service means making all of the arrangements and preparing all of the paperwork quickly and accurately‚ and following through to ensure that everything goes as scheduled. The company’s web page is
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in 1905‚ the company was in the midst of a severe downturn. In the prior two years‚ consecutive losses were posted for the first time in company history. Atlas moved aggressively to reinvigorate profits‚ but the positive impacts of rationalized operations‚ noncore business divestitures‚ and international expansion were largely offset by new challenges. Competition from low-priced import tires‚ industry consolidation‚ and a sales slump in the U.S. automotive industry made it impossible for Atlas to
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Innovation of Agriculture Logistics Managing Food Inflation © 2011 KPMG‚ an Indian Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”)‚ a Swiss entity. All rights reserved. About the study This is a briefing paper written by KPMG that assesses the underlying reasons for the high levels of inflation in the food economy of the country and its subsequent impact on innovations in business models
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