Principles of Logistics Management Istanbul 2012 12.12.2012 2 Logistics Management • Logistics is the art and science of managing and controlling the flow of goods‚ energy‚ information and other resources from the source of production to the marketplace. • Logistics Management is the process of planning‚ implementing and controlling the efficient‚ effective flow and storage of goods‚ services‚ and related information from point of origin to point of consumption for the purpose
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Reverse logistics stands for all operations related to the reuse of products and materials. It 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 capturing
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MBA 4.2: LOGISTICS MANAGEMENT Module 1 Introduction to Logistics and its interface with production and Marketing; Measures of Logistics; Physical distribution and logistics. Introduction to Logistics • When total supply chain system is integrated over a firm‚ it is known as logistics • It is an integrated effort aimed at helping customer value at a lower cost. • Without logistical support‚ marketing and manufacturing departments cannot accomplish product in timely or fresh manner. • The value of
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logistics structures the supply network around three main factors: the flow of materials‚ the flow of information and the time taken to respond to demand from source of supply. The scope of the network extends from the ‘focal firm’ in darker red at the centre across supplier and customer interfaces‚ and therefore typically stretches across functions‚ organisations and borders. The network is best seen as a system of interdependent processes‚ where actions in one part affect those of all others
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1. What is Logistic Management and its Objectives? Logistics means having the right thing‚ at the right place‚ at the right time. In business‚ logistics is defined as a business planning framework for the management of material‚ service‚ information and capital flows. It includes the increasingly complex information‚ communication and control system required in today’s business environment. (Logistix Partners Oy‚ Helsinki‚ FI‚ 1996). Objectives of Logistics Management is to make available
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Logistics Operation Contents Executive Summary 3 Company profiles: 3 Tesco Plc: 3 Sainsbury: 4 Analysis of logistic operations of TESCO: 4 Logistics in practice: 4 Logistics replenishment policy: 5 Transportation model for national and global operations: 6 Analysis of logistics of operation of SAINSBURY: 7 Logistics practices: 7 Logistics replenishment policy: 8 Transportation model for national and global operations: 8 Comparative
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The structured decisions are those defined as recognizable and defined. Unstructured decisions are described as problems that are new or different For this‚ Whirlpool had no prior knowledge or procedure in place for the consideration of the amount (dollars) for design changes. As Chuck went ahead and created this process by starting groups to focus on changes as well as marketing this would be measured as an unstructured problem that Chuck made for Whirlpool. 2.Describe and evaluate the process Chuck
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Our Dell Global Fulfillment and Logistics (GF&L) organization aims to develop and sustain a global transportation and logistics network that uses the most efficient and effective means for us and our transportation providers to distribute our products to our customers. Our job is to get the right product‚ to the right place‚ at the right time. Furthermore‚ our Dell Logistics teams must do this at the right cost. We continue to optimize transportation costs while improving quality and striving to
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Master Thesis Developing a Framework for Decision Making in Inbound Logistics Ownership Taking for LCCS – An Empirical Study Maastricht University School of Business and Economics Academic Year 2008/2009 Zhang‚ Qin (Student ID: i579246) Master of Science of International Business Track: Supply Chain Management Thesis Supervisor: Dr. Lieven Quintens Maastricht‚ Nov 12th‚ 2009 I Acknowledgements My study of the master program at Maastricht University comes to an end with the completion of
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DCH Logistics Planning for La Cafetière What are the advantages of having a bonded Warehouse and how can it help in doing international business? A Bonded Warehousing can be defined as storage‚ manipulation‚ or further manufacturing of dutiable goods in a building or other secured area without the payment of duty on it. Advantage: Goods can stay in a bonded warehouse for an unlimited period of time‚ and no import duties and VAT will have to be paid until the moment they are actually imported
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