...Intro to Business Logistics Management Professor Mohammed Baki Zhang Yuxin 104225453 2.09.2016 Introduction This report is to analysis an appropriate price of a Bic pen. To plan on purchasing 10,000 Bic pens each year for total five years. Through analyzing the material, Mfg costs, labor costs, SG&A and packaging, transportation and profit of a Bic pen to get a reasonable price. Material According to Lemon (2016), Bic pen is made of tungsten carbide ballpoint, Brass tip, link, polystyrene barrel and polypropylene cap and tube. To be more exact, the ballpoint is made of tungsten carbide which can be found the price is USD 60/Kilogram in the Alibaba website. To use the density of the material(15.63g/cm3)and the volume formula of ball（r=0.5mm），to get the weight of the ball is around 0.00817g, thereby we can get that the price of each ballpoint is 0.06USD. Secondly, the brass price is USD 8/kilogram, which can be found in Alibaba.com. The weight of each tip brass is 1.28g (Pen Modding, 2016), so the each price is 0.0102USD. Thirdly, due to the length of ink tube is 10.2cm, the internal diameter is 2mm and the density of ink is1.11 g/cm3. Therefore, the weight of the ink is approximately 0.36g, and the link cost is about 0.003USD for each pen. Fourthly, the polystyrene barrel for ink remains in the pen which cost USD 1800/metric ton. It is necessary to use the outer diameter (3mm), internal diameter (2mm) and density of the material (0.95 g/cm3) to get the weight...
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...An analysis of business behaviour in Zhongju Logistics 1.Introduction: 1.1 Background about Zhongju Logistics: Zhongju Logistics is a small company which the headquarters is located in Shanghai, it was founded in 2001, and it has 42 employees currently. The company provides professional transportation, warehousing, transshipment, distribution services for the enterprise and supermarket. The Early aim of the company is to make special line of hazardous material hazardous material(Such as gasoline, explosives, strong acid, strong alkali, benzene, naphthalene, celluloid, peroxidase and so on) transport of goods between the Yangtze river delta to the pearl river delta, with brand building as the foundation, to promote a nationwide business (Zhongju’s Website, 2013). At the moment, although Zhongju is a small company, the company’s Corporate vision is Rapid growth as a typifier of hazardous material transport logistics industry in China. During these recent years, Zhongju Logistics has developing very slowly. Ming Li, as one of the top managers of the family company, running his family business in Guangzhou, the main different part is, his parents are focus on Shanghai area, his older brother focus on Huizhou, and he pay more attention to Guangzhou. Even so, they usually cooperate with each other in same business which can reduce the cost. Zhongju logistics running its business mainly among Guangdong province, Shanghai, Jiangsu province...
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...suspended all flights during this time. The major ‘express’ logistics and distribution companies – such as TNT, FedEx and DHL – were profoundly affected. Most packages fo r TNT, for example, are sent to a distribution hub in Leige, in Belgium. This hub became log- jammed and undelivered packages accumulated. In a study of the impact on the island of Malta (conducte d by an MSM MBA student from intake 26 as research for an MBA thesis), it was d iscovered that an entrepreneurial approach – by using sea-based deliveries also incorporating land- based trucking services – enabled TNT to steal a march on its competitors. Although taking two or three days to make deliveries that might n ormally take one day, TNT were able to keep their packages moving, when their com petitors’ packages were holed-up in Leige. Otherwise packages were hand-carried on commercial airlines – anything to solve customer problems. Customers won f rom the competition were so impressed by the responsiveness and flexibility of TNT in Malta that they were subsequently retained. The lessons here for global logistics in handling natural disa sters are many. Crisis management planning needs to be firmly in place, espec ially as volcanoes can erupt at any time – and many other natural disasters can negativ ely impact logistics and distribution effectiveness. Alternative methods...
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...Penn State University Press Historical Perspective of the Logistics and Supply Chain Management Discipline Author(s): R. Neil Southern Source: Transportation Journal, Vol. 50, No. 1 (Winter 2011), pp. 53-64 Published by: Penn State University Press Stable URL: http://www.jstor.org/stable/10.5325/transportationj.50.1.0053 Accessed: 08-10-2015 12:36 UTC Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at http://www.jstor.org/page/ info/about/policies/terms.jsp JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. Penn State University Press is collaborating with JSTOR to digitize, preserve and extend access to Transportation Journal. http://www.jstor.org This content downloaded from 111.68.99.23 on Thu, 08 Oct 2015 12:36:12 UTC All use subject to JSTOR Terms and Conditions Historical Perspective of the Logistics and Supply Chain Management Discipline R. Neil Southern Abstract The purpose of this article is to examine the evolution of the study of business logistics and supply chain management from the perspective of one who has participated firsthand in the discipline in industry and academic positions over the past...
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...INDIAN LOGISTICS INDUSTRY 2009 PROJECT REPORT ON INDIAN LOGISTICS INDUSTRY FOR PARTIAL FULFILLMENT OF POST GRADUATE DIPLOMA IN MANAGEMENT SUBMITTED TO: Ms. Gunjeet Kaur Lect. of SVSM SUBMITTED BY: Rajnish Kumar Roll No. SVPG/07/05 PGDM – 6th Trimester SWAMI VIVEKANAND SCHOOL OF MANAGEMENT Ramnagar (near Banur), Patiala 1 | Page SVSM RAJNISH THAKUR (PGDM) INTERNATIONAL BUSINESS & MARKETING INDIAN LOGISTICS INDUSTRY 2009 Punjab LOGISTICS MANAGEMENT - INTRODUCTION Logistics management is that part of the supply chain which plans, implements and controls the efficient, effective, forward and backward (reverse) flow and storage of goods, services and information between the point of origin and the point of consumption in order to meet customers' requirements rather to the customers’ delight. A professional working in the field of logistics management is called a logistician. Logistics, as a business concept, evolved only in the 1950s. This was mainly due to the increasing complexity of supplying one's business with materials, and shipping out products in an increasingly globalized supply chain, calling for experts in the field who are called Supply Chain Logisticians. This can be defined as having the right item in the right quantity at the right time at the right place for the right price and to the right target customers (consumer); and it is the science of process having its presence in all sectors of the industry. The goal of logistics work is to manage...
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...THROUGH REVERSE LOGISTICS Renee Angelo LGMT 685 September 29, 2015 Table of Contents Executive Summary | 1 | Introduction | 2 | Sustainability in supply chain | 3 | Reverse Logistics | 4 | Defining Reverse Logistics | 4 | Returned product categories | 5 | Fueling sustainability through reverse logistics | 8 | Reverse logistics and the social component of sustainability | 8 | Reverse logistics and the environmental component of sustainability | 9 | Reverse logistics and the financial component of sustainability | 10 | Conclusions | 11 | References | 12 | Executive Summary The concept of reverse logistics is basically driven by wide range of aspects, most particularly in obtaining sustainability. Because of the fact that environmental awareness as well as numerous environment-related regulations has constantly put pressure on various companies, particularly manufacturers, in proper disposal of used products in a more environmentally responsible way, reverse logistics is now a mainstream concern for companies. This study argues that reverse logistics could fuel business sustainability. Based on the findings, reverse logistics play significant roles in achieving economic, social and environmental sustainability, which are the three basic components of sustainability in business perspective. Key evidences from literature supported the arguments. Introduction It is apparent that the capability of a company or business of handling...
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...first year of my doctorial studies. This dissertation benefits tremendously from their combined input. ABSTRACT In an ecommerce industry third party logistics have taken control and charge of the industry. Third party logistics have taken complete control of the logistic design; logistic deliver, transportation and storage in a supply chain with the professional and complete value added services and delivery of goods and services. According to a study third party logistic is a set of basically a relationship between buyers, sellers and logistic service providers in the supply chain. They provide a clear between third party logistics providers and the service providers. As per the research the term logistic service provider has been used as the interchangeable denote for the external suppliers that have been performing a part of logistic function within a company. The relationship between third party logistic companies and ecommerce has been a force which has driven the company towards constant growth and success of the various companies in the electronic commerce industry. The research study indicates that the impact or the importance of third party logistic companies has been of great support to the ecommerce industry. Along with this, many research studies have indicated that with the outsourcing of third party logistics companies as the supply chain management of the ecommerce companies have been a strong element of this industry. With a quiet and simple way, ecommerce from...
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...TL1033: Logistics (Part 1 – Introduction to Theory) Level 1 – Semester 2, Bachelor of Transport and Logistics Management Department of Transport and Logistics Management Assessment 1 131448P “Leaders win through logistics. Vision, sure. Strategy, yes. But when you go to war, you need to have both toilet paper and bullets at the right place at the right time. In other words, you must win through superior logistics.” - Tom Peters The word logistics was used in warfare where logistics became a pivotal technique to win the game. In that case most of the military logistics literatures of early periods were delivered the tactics and insights to work in complex environments (McGinnis, 1992) where the flow of material and information become vital. This basic phenomenon was integrated into the business and currently logistics acts as a central and essential feature of all economic activities (Christopher, 1986). The importance of logistics can be understood by its evolution. Earlier, flow of material was under different and fragmented activities such as purchasing, warehousing, transportation and etc. Then it became material and distribution management, and thereafter it has moved towards linking it to integrated logistics (Ballou, 2007). All these integrations to intent and purposes were to reduce costs incurred through logistics activities as logistics costs were seemed to be higher than any other cost of business activities. As an example, national level logistics cost of...
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...Logistics has developed as an important area or function of business since World War II. It has gone through several phases of development in achieving its present status. It is a critical part of supply chain management. The coordination and, perhaps, integration of the logistics systems of all the organizations in a supply chain are necessary requirements for successful management of the supply chain. (Bowersox etc, 2007) Logistics can be divided into two parts: domestic logistics and international logistics. Difference between Domestic & International Logistics can be said to arise mainly on account of the three major factors : 1) Logistic costs is International Business is much more higher than the domestic business 2) The Logistic Mechanics are much more complex in the context of international logistics than the domestic logistics 3) The political, cultural and institutional factors connected with international logistics are of considerable importance whereas these are usually not of much consequence in the context of domestic logistics.(Networker, n.d) Globalization of the world economy and our logistics has advanced at an almost unbelievable speed. Growth in world trade, and corresponding cargo container movements, continues to substantially exceed overall economic growth, meaning that trade volumes are doubling every 5-7 years.(Hill etc, 2001) There are some roles of global logistics: • Globalization helped in doing business beyond the national boundaries...
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...What is Logistics? Overshadowed behind all the excitement given to supply chain management and the technology developed to support it is a lesser known part of the business operations known as logistics. Some might regard logistics as mundane and staid compared to other supply chain initiatives but they don’t get the whole picture. However, logistics professionals and knowledgeable managers know that to fulfill customer orders effectively and efficiently, a business should employ a good logistics system and processes together with the supply chain to build up and sustain competitive advantage and profitability. So what is logistics all about? We can trace logistics’ roots back to the 18th century in Europe when a logistics officer was responsible for encamping and quartering all the troops as well as stocking the supply depots which included food, fuel, spare parts and personnel. Logistics has been reinvented and is being applied to all establishments. Logistics management is the most widely accepted term and encompasses logistics not only in the private business sector but also in the public/government and nonprofit sectors. In the 1960’s, the logistics concept began to appear in the business-related literature under the name of physical distribution, which had a focus on the outbound side of the logistics system and the military began to focus on engineering dimensions of logistic which are reliability, maintainability, configuration management, life cycle management and...
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...Interacting between logistics and new product development to achieve company market success. Evidence from Business Aviation Industry: Piaggio aero Company case study. Mario Mustilli and Filomena Izzo; School of Management & Economics, Seconda Università degli Studi di Napoli, Capua (CE), Italy; mario.mustilli@unina2.it, filomena.izzo@unina2.it. Abstract Our paper analyses the interacting between logistics and new product development (NPD) to achieve company market success in the Business Aviation industry. The empirical analysis focused on Italian case study: Piaggio Aero Company. We adopted both qualitative and quantitative data. We found: 1) higher levels of logistics involvement has greater NPD project performance; 2) higher levels of logistics involvement has greater NPD logistics performance; 3) higher levels of NPD logistics performance have higher levels of NPD project performance. Empirical research showed that having technology distinctive competence and innovative product are not sufficient to achieve market success in an industry with high barrier to entry as one that BA; logistics, production, marketing, and NPD must work together co-operatively as unified processes for customer satisfaction and firm success. * Written by Filomena Izzo ** Written by Mario Mustilli & Filomena Izzo INTRODUCTION** Customer closeness necessitate that everyone in the firm have the customer firmly in mind when exercising their functional capabilities. At...
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...Rewards And Recognition Some of our awards: Employee of the Month: Individual Business verticals have instituted the employee of the month award. These awards are given to employees to recognize and appreciate their outstanding contribution. Employee of the Quarter: The Employee of the Quarter awards are given to employees who have a positive, professional attitude, excellent customer service and are respectful of organizational policies. Adherence to our core values, innovation, being helpful to co-workers, exhibiting good customer service and people skills, and a record of good attendance are the main criteria. Long Service Awards: Employees who complete five years and ten years with the organization are rewarded for their loyalty. CMD Awards: This is the most coveted and sought after award. Special awards are given by our respected Chairman and Managing Director to individuals across various levels for their outstanding contributions. Workplace Training Training in the Workplace Different businesses face different issues within the workplace. A manufacturing plant, a warehouse, a retail store, or an office will each have different needs and different motivations for considering workplace training. The need for training in the workplace may be safety related such as forklift training and manufacturing training where there are safety hazards not experienced in other business. Training may be required to ensure the company delivers great customer experiences such as in offices...
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...International Journal of Physical Distribution & Logistics Management Globalisation strategies and business organisation of a network of logistics service providers W. Lemoine Lars Dagnæs Downloaded by UNIVERSITY OF LIVERPOOL At 07:46 05 October 2014 (PT) Article information: To cite this document: W. Lemoine Lars Dagnæs, (2003),"Globalisation strategies and business organisation of a network of logistics service providers", International Journal of Physical Distribution & Logistics Management, Vol. 33 Iss 3 pp. 209 - 228 Permanent link to this document: http://dx.doi.org/10.1108/09600030310471961 Downloaded on: 05 October 2014, At: 07:46 (PT) References: this document contains references to 44 other documents. To copy this document: permissions@emeraldinsight.com The fulltext of this document has been downloaded 7188 times since 2006* Users who downloaded this article also downloaded: Alain Halley, Alice Guilhon, (1997),"Logistics behaviour of small enterprises: performance, strategy and definition", International Journal of Physical Distribution & Logistics Management, Vol. 27 Iss 8 pp. 475-495 Mohammed Abdur Razzaque, Chang Chen Sheng, (1998),"Outsourcing of logistics functions: a literature survey", International Journal of Physical Distribution & Logistics Management, Vol. 28 Iss 2 pp. 89-107 Abby Day, (1993),"Logistics Information Management", Marketing Intelligence & Planning, Vol. 11 Iss 6 pp. 16-19 Access to this document was...
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...Company Name: 1.0 Introduction The Council of Supply Chain Management Professionals (CSCMP) defines logistics as the process of planning, implementing, and controlling procedures for the efficient and effective transportation and storage of goods including services, and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements. This definition includes inbound, outbound, internal, and external movements. Inbound Logistics It is important for companies to have total visibility of their inbound logistics function. If the logistics management can see which inbound deliveries are arriving they can schedule the correct resources to be available at the correct times so that materials are unloaded in a timely fashion without causing a bottleneck at the receiving dock. The inbound logistics process in SAP starts when purchase orders are processed at the vendor and an advanced shipping notification (ASN) is sent back. When an ASN is received this can trigger an inbound delivery to be created in SAP. The delivery will contain information on the vendor, the items, quantities to be expected and the delivery details. The delivery monitor is used to display and process open and completed deliveries. It is a single list that is easily reviewed. It shows deliveries that are due for picking or putaway and creation of transfer orders, deliveries for which picked quantities or putaway stocks need to be confirmed...
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...management and logistic management Logistics management is the governance of supply chain functions. Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply/demand planning, and management of third party logistics services providers. To varying degrees, the logistics function also includes customer service, sourcing and procurement, production planning and scheduling, packaging and assembly. Logistics management is part of all levels of planning and execution -- strategic, operational and tactical. It is an integrating function, which coordinates all logistics activities, as well as integrates logistics activities with other functions including marketing, sales manufacturing, finance, and information technology. Logistics Management “Logistic is the process of planning, implementing and controlling the efficient, effective flow of goods storage of goods, services and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements” Logistics exists to satisfy customer requirements by facilitating relevant manufacturing and marketing operation. The main responsibility of logistic is the geographical positioning of raw materials, work in process and finished inventories at the lowest possible cost. Creating logistics value is costly. Logistics accounts...
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