ELEMENTS OF LOGISTICS MANAGEMENT INTRODUCTION TO LOGISTICS. Chapter 1. Definition: “Logistics is the applied science of defining supporting systems and of planning and implementing the acquisition and use of resources.” Categories of Logistics : 1. Subsistence logistics :- basic necessities of life. it is relatively stable and predictable. 2. operations logistics :- relatively constant and predictable. It starts from raw material utilization
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CHAPTER – 1 INTRODUCTION 1.1. BACKGROUND OF THE STUDY: Nestlé Bangladesh Limited is a leading Food company with lots of global strategic brands operating in Bangladesh. MAGGI is one of the strategic brands of Nestlé Bangladesh Limited. Worldwide MAGGI brand is used for Nestlé’s Soup‚ Noodles‚ Seasonings‚ Recipe Mixes and Sauces. In Bangladesh‚ MAGGI brand has two product categories under this strategic brand name: Noodles and Soups. As part of the brand extension and value creation objective
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1. Why is it important for a firm to periodically review its logistics network design? How do a firm’s requirements for its logistics network change over time? 為何公司週期性地檢視物流網路設計是重要的？公司該如何要求物流網路隨著時間改變？ The factors that affect the performance of the logistics network are not static‚ i.e.‚ they change over time. These factors include demand‚ product design‚ various costs in the logistics network‚ regulations‚ contracts‚ etc. The effects of these dynamics need to be evaluated periodically in order
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Logistics is the management of the flow of resources between the point of origin and the point of consumption 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 time‚ information‚ particles‚ and energy. The logistics of physical items usually involves the integration of information flow‚ material handling‚ production
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---------------------------------------------- 24 11) GROUP SUGGESTION----------------------------------------------------------------------------- 26 Corporate Social Responsibility -Sustainability Report Page 2 1) INTRODUCTION Interface‚ Inc. began life in 1973 when founder‚ Ray C. Anderson‚ recognized
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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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Logistics October 28‚ 2008 The articled uploaded are very good and should be read. The lecture does not follow the format of the book but the book is easy to read and forms a background to the course. Preferred definition: (what is logistics? why are we studying logistics) Slide Logistics/concept 3 In the definition‚ every word counts. Key words underlined. Logistics is a process – continually doing it‚ not just once. You plan‚ implement and control. It includes a planning function‚ something
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Interface & Ray Anderson Key Facts According to Stanwick and Stanwick‚ Interface is currently the largest producer of soft-surfaced modular floor coverings across the globe. Ray Anderson‚ former CEO and founder of Interface‚ started the company in 1973. By 1994‚ Interface one of the leading competitors in the highly competitive floor-coverings industry. After having what Anderson has referred to in the past as an Epiphany‚ he challenged the organization to take on an undertaking of epic proportions
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Tutorial Rules and Regulations Attendance & Punctuality – Attendance and getting to class on time are expected. Students who are regularly late or absent tend to perform poorly in this course. Contribution to the Class - Students are expected to contribute to the class by:- 1. Attending class and being in class on time; 2. Being prepared for class; 3. Being familiar with the concepts and issues covered in the lecture; 4. Asking questions‚ especially if something is unclear;
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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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