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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Reverse logistics and the return portion of the supply chain is often an overlooked and mismanaged process. Companies tend to focus their efforts on the forward portion of supply chain management‚ while failing to take advantage of the many opportunities that reverse logistics presents (Benton‚ 2007). What these companies do not realize is that the effective management of reverse logistics has the potential to make them more profitable‚ and to add value to many other parts of their supply chain
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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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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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Logistics Logistics is the management of the flow of goods‚ information and other resources‚ including energy and people‚ between the point of origin and the point of consumption in order to meet the requirements of consumers (frequently‚ and originally‚ military organizations). Logistics involves the integration of information‚ transportation‚ inventory‚ warehousing‚ material-handling‚ and packaging‚ and occasionally security. Logistics is a channel of the supply chain which adds the value
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While effective logistics systems should not be designed to hold inventory for extended times‚ there are occasions when inventory storage is justified on the basis of cost and service. Storage has always been an important aspect of economic development. In the preindustrial era‚ storage was performed by individual households forced to function as self- sufficient economic units. Consumers performed warehousing and accepted the attendant risks. Warehouses stored inventory in the logistics pipeline‚ serving
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Global Logistic Introduction Dell is a multibillion-dollar corporation that helps empower individual and communities with their innovative technology. Dell requires that all suppliers (domestically and globally) comply with the laws and regulations where the suppliers conduct business. Using global suppliers‚ Dell will need to understand the logistics to from the foreign suppliers to the end customer’s doorsteps. This paper will advise the factors impacting Dell’s transportation needs. It
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SCMA306 Logistics and Physical Distribution – Mrs. JR. Gurayah July to October 2013 UNIVERSITY OF KWA-ZULU NATAL FACULTY OF MANAGEMENT STUDIES SCHOOL OF MANAGEMENT‚ IT & GOVERNANCE (MIG) LOGISTICS AND PHYSICAL DISTRIBUTION SCMA306 COURSE OUTLINE 2013 This document contains important information. Please read it carefully and retain it throughout the semester. 1. Introduction Welcome to the field of Logistics and Physical Distribution - it includes the functions of planning‚ organising‚ motivating
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demands on humanitarian logistics and calls for fast ‚ agile and quick response to alleviate human lives. Deficiencies in the flow of supplies may result in dire consequences. As a result of continuous human and man-made disasters logistics has now become an important factor in humanitarian aid operations‚ to the “extent that logistics efforts account for 80 percent of disaster relief” (Trunick‚ 2005). Humanitarian logistics encompasses a ranges of complicated activities as compared to commercial
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Subject: Logistics Management Total marks 80 Case 1 (10 Marks) M/s Britecolor Paints Ltd. (BPL) is a manufacturer of decorative paints for households commercial premises and industrial application. (a) M/s. BPL had embarked on a policy of satisfying every possible customer in respect of shades‚ delivery and durability. Thus it went ahead and created twenty-five depots‚ one almost in every major city. The manufacturing base however‚ was maintained at Pune. The factory received information
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