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
Premium Inventory Logistics Supply chain management
Name | Dilip Raj Bhatta | Global Business Environment | Roll No | 10108 | | Assignment No. 1 | Case :LOGITECH | a) To what extend can Porter’s diamond help explain the choice of Taiwan as a major manufacturing site for Logitech? Answer: Porter’s theory of national competitive advantage suggests that the pattern of trade is influenced by four attributes of a nation: (a) factor endowments‚ (b) domestic demand conditions‚ (c) relating and supporting industries‚ and (d) firm strategy‚ structure
Free Economics Comparative advantage International trade
affecting organizations‚ affecting international logistic activities Uncontrollable environment is one major condition which is unpredictable and uncertain. Regardless of what it might be‚ an uncontrollable environment will negatively affect any organization effort‚ no matter which function it is and perhaps the objectivities and strategies of the business. Today‚ business is a global market. In one way or another‚ we are all closely connected. The logistics systems have had the result of shrinking the
Premium Logistics Management
The Irritable Howe As you read the story “Of This Time‚ Of That Place‚” by Lionel Trilling you realize that Joseph Howe has a lot of annoyances to deal with. A negative criticism of his poetry by Frederic Woolley makes him tense and defensive around others that he knows have read the article. He has to deal with Tertan the strange student who is later diagnosed with a mental illness and Blackburn who sets off Howe’s irritations almost every time they meet. Soon you’ll understand how irritable of
Premium Psychology Sociology Mind
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
Premium Inventory Logistics Supply chain management
HERSHEY FOODS CORPORATION: BITTER TIMES IN A SWEET PLACE INTRODUCTION Born into a poor‚ lower-class family‚ Milton S. Hershey dropped out of school before reaching the fourth grade. He developed an interest in becoming a confectioner. He believed there would be great demand for affordable‚ mass-produced chocolate‚ and thus he built the Hershey Chocolate Company. Hershey’s is now the largest producer of quality chocolates in North America and a global leader in chocolate and sugar confectionery
Premium Financial ratios The Hershey Company Milton S. Hershey
1. Consider the supply chain for a domestic automobile. a. What are the components of the supply chain for the automobile? b. What are the different firms involved in the supply chain? c. What are the objectives of these firms? d. Provide examples of conflicting objectives in this supply chain. e. What are the risks that rare or unexpected events pose to this supply chain? 考慮國內的汽車供應鏈。 a. 何為汽車供應鏈構成的要素？ b. 在供應鏈中包含哪些不同的公司？ c. 何為這些公司的目標？ d. 試舉出在供應鏈中目標衝突的例子。 e. 此供應鏈會出現哪些少見或無法預期的風險？ Pick
Premium Supply chain Automobile Supply chain management
The Utility Concept in Economics I. Background. Utility is a measurement of consumer preferences made under a variety of assumptions with respect to the decision context being studied. The point of the utility measurement is to enable the study of behavior within the framework of the assumptions made in a fashion that takes advantage of mathematical tools. There are three decision frameworks: Certainty: The consumer knows without risk or uncertainty the outcome of making a choice. Choices
Premium Preference Utility Consumer theory
Logistics from a Historical Perspective R-Jay P. Quiambao‚ CIE Defining Logistics • The origin of the term logistics comes from the French word ―logistique‚‖ which is derived from ―loger‖ meaning quarters (as in quartering troops). 2 Defining Logistics • The practice of logistics in the military sector has been in existence for as long as there have been organized armed forces: – the supply‚ movement‚ and maintenance of an armed force both in peacetime and in battle conditions. 3 Logistics
Premium Logistics Supply chain management
WHAT IS LOGISTICS According to Paul R. Murphy ‚ Jr. and Donald F. Wood‚ who shared the definition as promulgated by the Council of Supply Chain Management Professionals‚ one of the world’s most prominent organizations for logistics professionals‚ defined it as “Logistics management is that part of supply chain management that plans‚ implements and controls the efficient‚ effective forward and reverse flow and storage of goods‚ services and related information between the point of origin and the
Premium Logistics Supply chain management Supply chain