...computer came from somewhere. The world we live in depends on logistics and supply chain managers to make products available to us. These managers are the ultimate back-room power players moving millions of dollars of product every day. Logistics and supply chain managers are the air traffic controllers of the global market and can give a company the advantage it needs to surge ahead of its competition. If any part of the supply chain fails, then a business can find itself with a big problem. That's why good supply chain managers always understand the importance of efficient logistics in supply chain. DIFFERCENCE BETWEEN THE CONCEPTS:- Logistics Management: It 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 at the lowest cost possible. Supply chain management: It involves coordinating and integrating Logistics Management within and among companies. It is the management of a network of interconnected businesses involved in the provision of product and service packages required by the end customers in a supply chain. Supply chain management plans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption and logistics helps in achieving this. Thus Supply chain operations depends on logistics to a great deal. RESEARCH OBJECTIVE:- Supply Chain Operations...
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...Logistics Cost Management of Enterprises Abstract: In the context of global economic integration , along with the development of international trade in full swing , the international logistics industry has been rapid development . But overall, the logistics industry is still much room for development, logistics costs in corporate expenses and the country's GDP composition plays an important role in both . This clearly illustrates the composition of enterprise logistics cost , briefed the logistics management theories and factors affecting the cost of logistics enterprises , and enterprises to reduce logistics costs and provide effective recommendations. Abstract: On the background of economic integration, with the development of international trade, international logistics has also been got rapid growth. But there is still much room for the development of the whole logistics industry, logistics costs play an important in business spending and the country's GDP. This article clearly illustrated the constitute of the costs of logistics, briefly introduced the theory of logistic management and the factors which can effect the logistic costs of the company, and provided effective recommendation on how to reduce logistics costs. Keywords: logistics costs, enterprises, management Keywords: logistic costs, company, management I. Introduction Logistics cost management in modern logistics management occupies an important position , "Logistics is the economic dark continent ", " Logistics...
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...evaluate the projects. As the Internet, it is the most easiest and effective ways to get information or databases to analyze the efficiency of projects or operations for increasing the logistic of industries. Using internet system, it is the new challenge that most of companies adapt it in order to become successful. As the internet of things, it is the new strategy for applying with business models that how business can use technology to increase profitability and efficiency of business’ operation. There are two main types of emerging applications, including information and analysis, and automation and control as the tools for develop and improve technology to increase values and opportunities’ companies. As Information and Analysis, it is using networks to collect and link all information and data among consumers and producers for gaining and improving decision making of organization or management processes of production. There are three applications of information and analysis, which consists of tracking behavior, enhanced situational awareness, and sensor-driven decision analytics. Tracking behavior, it is using tracking product to identify details, status, and movement among products, customers, and locations. As a consequence, companies can take advantages from this application for enhancing and develop the quality of production and logistic. Second, enhanced situational awareness that is the security of networks application by using sensors, including video, audio, vibration...
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...Course Project Petrofac Logistics Performance Course Instructor GM591 - Leadership and Organizational Behavior John Drabouski Student Mohamed Fadel Bouledroua bouledroua@gmail.com February 2012 Introduction Petrofac is an international provider of integrated facilities solutions to the oil and gas production and processing industries. Some key facts about Petrofac: More than 14,500 employees and 27 offices worldwide. Seven business units providing life of asset solutions; from design to decommissioning. Quoted on the London Stock Exchange and a constituent of the FTSE 100 Index. 2010 Revenue of US$4,354m and Net profit of US$557.8m. Its business unit, Petrofac Engineering & Construction (E&C) based at Sharjah UAE, provides engineering & construction services from concept and feasibility studies through to detailed design and full project execution tailored to meet both the project and the customers’ requirements. Petrofac E&C can provide tailored and integrated engineering; procurement and construction (EPC) project delivery solutions. As part of its integrated EPC project implementation capability, Petrofac E&C provides: Health, safety, security and environmental management. Comprehensive quality assurance and control Project management Detailed design and engineering Procurement including inspection and logistics of all project materials and equipment Pre-fabrication and onsite construction Commissioning...
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...Logistic management: * Managing the flow of material goods between people and places is known as logistics management. This type of process is prevalent in large organizations, especially those that interact with other companies to buy their supplies. Any company that requires the movement or transfer of material to complete a business task uses this management processes. * There are many fields that deal with logistics management. These include the areas of retail, manufacturing, and general warehousing. The logistic manager is responsible for coordinating the movement of material goods from one location to another. This typically requires the management of personnel and processes to deliver products in an efficient manner. * The movement of military troops is an example of a logistics management operation. This requires extensive coordination between both material goods and troops themselves. Military logistics is one of the most complicated management problems because it normally requires movement of material goods by land, air, and sea. * Human aid organizations are constantly working with logistics management processes. These non-profit organizations receive goods and financial aid from their contributors. These charitable funds are converted into food and supplies that can be used for aid to poor countries. This term originated in a military context, referring to how personnel acquire, transport and store supplies and equipment. In the business community...
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...Running head: Transportation and Logistic Chain Ahmed Lajili Ali UB.ID# 0860828 University of Bridgeport Mechanical Engineering Master of science Principle of Logistic ((MEEG 574)) Pr. David Burnell Abstract Purpose: to introduce the issue of the transportation and logistics chains. Finding: outlines how the individual papers affect debate on the nature and development of transportation in the supply chain. Originality: provides a summary of the perspectives studied within the transportation in the supply chain. 1. Introduction My research is on the transportation and logistics chains. Products are transported between different places in different stages within a supply chain. The transportation has a large impact on both responsiveness and efficiency. Faster transportation allows a supply chain to be more responsive but reduces its efficiency within a supply chain (Chopra & Meindle, 2007, p.53). Transportation has a significant impact, because it controls the speed of response and reply as stated in Newton's third law of every action there is always opposed an equal reaction. An example of Amazon is a company that sells products on the internet and uses UPS or FedEx, which is a transportation company that delivers products to customers. This is an example of transportation within a supply chain. In logistic today wrote article for Rosenau...
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...Management Tool - Balanced Scorecard The idea of using Balance Scorecard like a tool for management effective development, firstly was introduced by Robert Kaplan and David Norton. They called their operation Balance Scorecard, for stressing balance of this system, which should be measured by system called Scorecard. The meaning of this concept – embodies managers’ view in reality and link strategy with operative activity, and cost factors. Main purpose of BSC – this system connected with business actions, which directed on customer satisfaction and all employees involved in it. BSC have differences from traditional management, which concentrated only on financial data, because this system orienting managers on adequate strategic development. BSC have some usage scenarios • Creating and using strategic plans in aim of strategic management • Using aims for evaluating departments and officials activities • Using aim for evaluating processes and functions of company We can assume that the aims of any company could be increasing profit and capitalization. It is clearly seen this is contradictory. For maintaining optimal balance between this aims, experts should find solution about as far as is necessary to increase profitability and capitalization, and fix this decision in two values. For reaching first aim of company decide to sell more and spend less. For second aim – invest money in new equipment debugging new production, it means...
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...of cargo transported in different forms. In addition, the government has established The Maritime and Port Authority of Singapore (MPA) as a body that is responsible for the overall development and growth of the port of Singapore, overseeing most if not all the activities that are carried out as far the port logistics are concerned. However, the purpose of this paper has been divided into two tasks, one of which involves a critical evaluation of the application of Lean and TQM (Total Quality Management) in logistics and supply chain networks to achieve MPA objectives such as quality of service, competitiveness, reliability and efficiency. In addition the benefits and limitations from a practical perspective for MPA is evaluated. The second task of the paper aims to critically evaluate the key environmental sustainability issues in Cargo maritime logistics for MPA and an analysis of how implementing lean practices by MPA can reduce the environmental impact of an inward and outward maritime cargo transport. The research methodology is mainly content-based and relies on secondary data sources for analysis. The implications of this paper aims to look into the logistics industry and assess how certain organizational practices such as LEAN and TQM can be implemented I order to improve their activities. Another implication is how these practices can contribute to environmental...
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...Topics Covered Chapter 12: Logistics and Supply Chain Information Systems Overall importance of information systems to logistics and supply chain management. Key issues in information systems. quality of information, and what to measure to assure that this quality exists exists. The architecture and objectives of information systems. role of logistics in the “connected” economy, and impact of evolving technologies on logistics and logistics processes. structural components of the logistics information system, and contribution of each to the overall effectiveness of logistics and supply chain processes. importance of adapting to new information technologies. 2 Logistics Profile: Applebee’s… Logistics and Supply Chain Information Systems: Introduction Restaurant ordering practice has progressed from phone to fax to Internet. Information systems (IS) help Applebee’s to monitor pre-negotiated prices and rebates, and to better manage inventory tracking. Internet-enabled information systems have great potential to improve the efficiency and effectiveness of supply chain activity. 3 Many firms view effective management of logistics and supply chain activities as: Prerequisites to overall cost efficiency, and Keys to ensuring their ability to competitively price their products and services.1 Effective information management also can help ensure that a firm meets the logistics needs of its customers. 4 Customer...
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...UNIQLO has efficiency logistic system as all we know. It is rely on (Specialty Store Retailer of Private Label Apparel,SPA) with this main strategy. It successful might have some reason from great warehouse management. And the theory will discuss the two important methods of warehouse management in these parts: The first one is warehouse operation: UNIQLO need to find out warehouse operation so that they can have most efficiency way also lower cost. The other one is warehouse factors: UNIQLO have to consider every element might influence their warehouse. With these consideration, we can understand the statistic in August 2013, UNIQLO have 1,280 stores and their sale achieve 2,511 million ¥ , also be identified as the 5th apparel industry in the world. UNIQLO has efficiency logistic system as all we know. It is rely on (Specialty Store Retailer of Private Label Apparel,SPA) with this main strategy. It successful might have some reason from great warehouse management. And the theory will discuss the two important methods of warehouse management in these parts: The first one is warehouse operation: UNIQLO need to find out warehouse operation so that they can have most efficiency way also lower cost. The other one is warehouse factors: UNIQLO have to consider every element might influence their warehouse. With these consideration, we can understand the statistic in August 2013, UNIQLO have 1,280 stores and their sale achieve 2,511 million ¥ , also be identified as the 5th apparel...
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...4PL logistics providers — Scaling up supply-chain efficiency |About 75 per cent of the Fortune 100 companies and about 45 per cent of Fortune 500 companies have now gone in for 4PLs. | The term "4PL" was actually coined by the consulting group Accenture. In fact, they also hold the trademark to the name 4PL. Accenture defines a 4PL in the following manner: "A 4PL is an integrator that assembles the resources, capabilities, and technology of its own organization and other organizations to design, build and run comprehensive supply chain solutions." The transport sector in India: Manufacturers do not seem to pay much attention to their transportation needs, relying on the conventional way of calling up truck operators and getting the best rate. Thus, the firms end up paying a lot of money on transportation simply because of poor planning on distribution. However, things are changing with the entry of foreign companies that, usually, have strong logistics support. This and the increasing realisation of the importance of timely delivery of materials and products are slowly changing the way companies are looking at logistics. In this context outsourcing of logistics makes a lot of sense for Indian firms not many of which have a professionally run logistics division, feel logistics experts. This will free companies from the worry of getting materials on time or distributing their products within and outside the country. According to global consultancy...
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...4PL logistics providers — Scaling up supply-chain efficiency |About 75 per cent of the Fortune 100 companies and about 45 per cent of Fortune 500 companies have now gone in for 4PLs. | The term "4PL" was actually coined by the consulting group Accenture. In fact, they also hold the trademark to the name 4PL. Accenture defines a 4PL in the following manner: "A 4PL is an integrator that assembles the resources, capabilities, and technology of its own organization and other organizations to design, build and run comprehensive supply chain solutions." The transport sector in India: Manufacturers do not seem to pay much attention to their transportation needs, relying on the conventional way of calling up truck operators and getting the best rate. Thus, the firms end up paying a lot of money on transportation simply because of poor planning on distribution. However, things are changing with the entry of foreign companies that, usually, have strong logistics support. This and the increasing realisation of the importance of timely delivery of materials and products are slowly changing the way companies are looking at logistics. In this context outsourcing of logistics makes a lot of sense for Indian firms not many of which have a professionally run logistics division, feel logistics experts. This will free companies from the worry of getting materials on time or distributing their products within and outside the country. According to global consultancy...
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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 etc...
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...Summary- ‘Utilization of E-Logistics in Multinational Companies To Overcome Difficulties of Today’s Economic Environment’ The rapid emergence of the internet has greatly influenced the regular operations carried out by businesses. According to Auromo’s definition of E-logistics (as cited by Angheluta and Costea, 2010, P.1), “It can simply mean processes necessary to transfer the goods sold over the internet to the customers”. The integration of E-Logistics in a company’s supply chain model has resulted in several Web-based frameworks being created which are targeted for the use of the suppliers, management, other intermediaries and the customers for purchase as well as post-purchase services. An example used was DHL which uses on-line tools to track their shipments and also provides their customers with the convenience of tracking and tracing their shipments online without incurring additional costs (Angheluta and Costea, 2010, P.2). ELPIF: E-Logistics Processes Integration Framework is designed to apply “Automating process integration” to reduce time and cost, provide service efficiently, gain competitive advantage and aid companies to sustain despite any economic crisis (Angheluta and Costea, 2010, P.3). The article mentions two multinational companies and presents the efficiency of E-logistics integration in their Supply chain model. Volvo Logistics Corporation (VLC) and Haier Logistics Corporation (HLC) are subsidiaries of Volvo Group and Haier Group respectively...
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...The Role of Transport Management Systems in Logistical Efficiency Name: William Date: 19/11/2013 The Role of Transport Management Systems in Logistical Efficiency Over the years the importance of logistical operations has grown to cover virtually all operations associated with supply chain management for any typical organization. In addition, the use of information and communication (ICT) systems is quickly gaining popularity with any organization which aims at improving its productivity and service delivery. Consequently, logistical functions and specifically transportation management systems (TMSs) are consistently under strain to demonstrate significant contribution towards accomplishment of organizational objectives (Vanselous, 2013). Furthermore, with the current digitization of organizational operations, TMSs as well as corresponding logistical systems are quickly becoming the norm for organizational logistical efficiency. In this regard, in order to thoroughly understand the role of TMSs it is imperative to conduct further investigations on their impact on overall logistical efficiency. In order to understand the role of transportation management systems, first, it is important to understand the difference between logistical efficiency and logistical effectiveness. According to Fugate, Mentzer and Stank (2010), logistical efficiency refers to organizational processes that involve the actual movement of products and services from one location to another within...
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