...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...
Words: 955 - Pages: 4
...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...
Words: 955 - Pages: 4
...Managing a supply chain implies the integrated management of a network of entities, that begins with the suppliers' suppliers and ends with the customers' customers, for the production of products and services to the end consumers. Supply chain case studies analyze how companies seek to achieve cost reductions or profit improvements and make the supply chain more competitive as whole. These cases are intended to provide wide-ranging information, management education, background information and leadership on the most relevant topics in business. Why Wal-Mart's supply chain is so successful? The key to Wal-Mart's supply chain Wal-Mart is committed to improving operations, lowering costs and improving customer service. But the key to retailer Wal-Mart's success is its ability to drive costs out of its supply chain and manage it efficiently. Many supply chain experts refer to Wal-Mart as a supply chain-driven company that also has retail stores. Wal-Mart's company philosophy ('The Wal-Mart Way') is to be at the leading edge of logistics, distribution, transportation, and technology. The Wal-Mart business model would fail instantly without its advanced technology (Wal-Mart has the largest IT systems of any private company in the world) and supply chain (Wal-Mart has made significant investments in supply chain management). Wal-Mart's business model and competition Wal-Mart's business model is based on a low price strategy and low transportation costs allow it to sell its products...
Words: 702 - Pages: 3
...Activities of Value Chain in Wal-Mart Wal-Mart is one of the leading Fortune 500 companies, which is spread across the globe. It is perhaps the largest retail chain which deals with everything from food to consumer electronics. In terms of the revenue generated, it leads the fortune 500 companies like GE and Microsoft. Simply put, it has everything a homemaker can ever think of. Affordable price range coupled with aggressive online and market strategy has led to wide acceptance for Wal-Mart in towns and cities alike. Wal-Mart is probably the only largest fortune 500 corporations in the world, which directly services the common man. The major point is that all of these activities have to be in sync in order for the value chain to operate effectively. The support activities is not bound to any of the primary activities, but is supposed to serve them, the first step in analyze of intern resources is to identify how the company’s different activities makes the foundation for its competition strategy. Supportive Activities: 1. Firm Infrastructure: There are 2485 Wal-Mart stores all over the world. This includes 682 Supercentres, 457 Sam’s Clubs, 5 Wal-Mart Neighbourhood Markets and 1007 units of Wal-Mart International. Wal-Mart serves over 100 million customers weekly worldwide. There are 1035000 associates, and the company is America’s largest private employer. Wal-Mart is run from a national headquarter. The headquarter takes care of orders, and every local store has to report...
Words: 1789 - Pages: 8
...The fortune 500 company I chose was Wal-Mart Stores Inc. Sam Walton opened the first Wal-Mart store in Rogers, Arkansas on July 2, 1962. The company officially incorporated as Wal-Mart Stores, Inc. in 1967. Sam Walton’s created Wal-Mart with the idea of achieving higher sales volumes by keeping sales prices lower than his competitors by reducing his profit margin. Their mission statement is closely related, “We save people money so they can live better”. This idea has made Wal-Mart flourish into one of the biggest retails stores there is. In this paper I will focus on ways Wal-Mart is trying to not just improve their business but their environment as well. One of the goals that Wal-Mart has is to be supplied 100 percent by renewable energy. They are using a strategic plan to achieve this goal. At Wal-Mart’s Global Sustainability Milestone Meeting, the company committed to achieving the following by Dec. 31, 2020: Drive the production or procurement of 7 billion kWh of renewable energy globally every year, a percent increase over 2010 levels and reduce the kWh/sq. ft. energy intensity required to power Wal-Mart’s buildings globally by 20 percent compared to 2010 levels. Duke, M. (2013, April 15). Wal-Mart plans to do this by installing solar power on at least 1,000 rooftops and distributions by 2020. They also plan to increase LED usage in sales floor lighting, parking lots and other applications. The company will continue to develop projects in wind, fuel cells and other technologies...
Words: 705 - Pages: 3
...The United Parcel Service, commonly known as UPS is considered “the leading American global package delivery company whose home base is located in Sandy Springs, Georgia.” (United Parcel Service of America, 2012) Also mentioned by the United Parcel Service of America, (2012) states “Mail Innovations is a high-volume mailing service provider offering an efficient and effective way of delivering your mail.” (United Parcel Service of America, 2012) UPS has a distinctive look and color used on their trucks and uniforms recognized worldwide and distinctively mentioned in their popular slogan, "What can Brown do for you?" (Lukas, 2003) According to Lukas, (2003) “The brown color used on UPS vehicles and uniforms are called Pullman Brown.” (Lukas, 2003) This particular industry was mostly geared more towards shipping larger freight type items not normally shipped by the United Postal Service. “The company employs nearly 400,000 employees, spending $394 million on training and education and spent more than $27.6 billion on compensation and benefits, making UPS one of the world's largest private employers guaranteeing their success.” (United Parcel Service of America, 2012) The company uses trucks and tractor-trailers as their secure methods for delivering packages, according to the United Parcel Service of America (2012) “UPS delivers more than 15 million packages and documents a day in over 220 countries and territories around the world.” (United Parcel Service of America,...
Words: 478 - Pages: 2
...Company Profile: Genco Jaron Bradley Pazdera Genco is a company that was initially a trucking company that carried commodities with a horse and wagon through the streets of Pittsburgh. After acquiring a gas-powered truck in 1917, the company expanded the fleet over the next few years. Eventually they decided to add warehousing and distribution services. Their services continued to expand in diversity when they made the decision to include third-party logistics services. All of Genco’s expansions eventually spurred their entrance into a major new service area that is known today as reverse logistics. They developed software and expanded its services to help companies manage and maximize the value of their returned products. Reverse logistics deals with reusing, repairing, and recycling products to satisfy organizational goals. The origins of reverse logistics began in such ways as patching clothes to make them last longer or placing kitchen scraps in a compost bin. The goal is to process goods that are moving up the reverse supply chain in a manner that creates new uses, or safe disposal, while retaining as much value as possible. Formally, it is the process of receiving returned goods or goods that have reached their useful life and attempting to recapture value or properly disposing of them. It includes the handling of product recalls, end-of-life returns, and seasonal returns and parts so that they do not simply get dumped into a landfill. After products move through...
Words: 541 - Pages: 3
...Introduction Jebal Ali Free Zone Authority (JAFZA) is is considered to be the world’s economic zone flagship operation. One of the world’s largest and the fastest growing free zones. It was established in 1985, Jafza today is spread over an area of 48 sq. kms and is home to over 6400 companies, including over 120 of the Fortune Global 500 enterprises, from across the world. It is a leading driver of the burgeoning UAE economy. With its impeccable track record, Jafza stands for improvement, customer centricity, transparent operations and entrepreneurial dynamism. Parent & Sister Companies As mentioned in the introduction that JAFZA is part of Economic Zone World (EZW). Which is the global developer and operator of economic zones, technology, logistics and industrial parks under the Dubai World Group. The sister companies of JAFZA are TechnoPark, Glazeley, Dubai Auto Zone (DAZ). Attracting Foreign Investors with new inbound projects and the expansion of existing businesses during 2009-10.A combination of an excellent investment atmosphere and a customer-centric business policy have helped raise the number of investors from outside the Middle East to 3,500 - 54 per cent of the total of 6,512 companies in Jafza. The number rises to 5,125 when regional investors, other than from the six GCC states, are added. This sterling performance has enabled Jafza to play a central role in the flow of foreign investments into the country, which amounted to US$ 69 billion, according to figures...
Words: 3078 - Pages: 13
...Proceedings of the 2010 International Conference on Industrial Engineering and Operations Management Dhaka, Bangladesh, January 9 – 10, 2010 Management of Supply Chain in Petroleum Corporations in India Surajit Roy LPG Operations, Indian Oil Corporation Ltd. Mumbai 400053, India R. S. Dhalla Microbiological Consultants Mumbai 400007, India Abstract Supply chain initiatives have become a critical part of firms operations. Success is increasingly being dictated by how well a company can control its supply base and mitigate supply bottlenecks and liabilities. This paper used inductive and qualitative approaches to explore the salient factors that simultaneously enhance the “greening the supply chain” as well as maximizing the customer reach while maintaining the efficiency of the supply chain system of petroleum companies. The key indicators identified were environmental policies, supplier policies, sustainability, market orientation and commitment to human capital and diversity. A survey was conducted with key informants across many divisions of the LPG segment to investigate how well these environmental and customer reach in the supply chain are in synchronized with the top management’s commitment towards environmental responsiveness and maximizing customer orientation. The responses to the survey were statistically analyzed and a relationship model was constructed with Market orientation as the dependent variable and independent variables as: environmental policies, supplier...
Words: 2759 - Pages: 12
...Louis Mele July 21st, 2014 Travel & Tourism Capstone Project Prof. Fairbairn Section 1 Chengdu, is the provincial capital of Sichuan province in Southwest China, as well as a major city in Western China. It has 14,047,625 inhabitants: 7,123,697 within the municipality's nine urban districts and 6,730,749 in the surrounding suburbs and rural area. According to the 2010 census, Chengdu is the fourth most populous city in mainland China, and most populous among prefecture-level cities as well. Chengdu is one of the most important economic, transportation, and communication centers in Western China. According to the 2007 Public Appraisal for Best Chinese Cities for Investment, Chengdu was chosen as one of the top ten cities to invest in out of a total of 280 urban centers in China. Tourism of Chengdu mainly promotes four travel brands-the hometown of the giant panda, the capital of delicious food, the capital of leisure culture and the exhibition city. First, the Qingcheng Mountain and Dujiangyan, The Wuhou Temple, DuFu Thatched Cottage, Jinsha Ruins and the habitat of giant panda, represent the world heritage brand. Second, the...
Words: 3068 - Pages: 13
...you want to know the effectiveness of targets supply chain then continue to read and relate what I am saying to your pwn personal shopping experience. By the end of this paper you will be able to answer if target meets their supply chain. Targets supply chain is made up of many processes. They have a (1) logistics team which deals with how the product are imported. They also work on electronic data, and merchandise return. Technology is also a part of the chain. The focus for Target would be the customer, which leads the (2) suppliers to be apart of the chain. The customers want name brand product, this is the purpose of them shopping at target but if the supplier were to break it’s partnership then it would hurt the supply chain as well as the consumers. Therefore, suppliers do own a percentage of power. (3) Internal Differentiation Analysis. Target uses differential strategies to keep the customers value. This is executed through product features, marketing channels, and service and support. (4) The sales and their information technology. Overview of Target’s Supply Chain The product and services, order process, and delivery options are executed through targets logistic and supplier process. The process is executed with the focus of making sure the process is executed for the value...
Words: 1557 - Pages: 7
...of third-party logistics services by large American manufacturers: the 2004 survey. Ads by Google Control N losses NBPT reduce nitrogen losses Best urease inhibitor. www.finechem.net.cn Riversand MDM Multi-entity Master Data Mgmt. Global, enterprise-class solutions www.riversand.com HP Patent Sales Hewlett-Packard Patent Auctions All Buyers and Brokers Welcome www.hp.com/go/patentsales GlobalSources.com Manufacturers & Wholesale Suppliers From China And Other Countries! www.GlobalSources.comSubject:Outsourcing (Influence) Radio frequency identification (RFID) (Usage) Logistics services (Surveys) Logistics services (Outsourcing) Logistics services (Technology application)Authors:Lieb, Robert Bentz, Brooks A.Pub Date:03/22/2005Publication:Name: Transportation Journal Publisher: American Society of Transportation and Logistics, Inc. Audience: Academic; Trade Format: Newsletter Subject: Business; Transportation industry Copyright: COPYRIGHT 2005 American Society of Transportation and Logistics, Inc. ISSN: 0041-1612Issue:Date: Spring, 2005 Source Volume: 44 Source Issue: 2Topic:Event Code: 480 Use of services Computer Subject: Outsourcing; Radio frequency identification; Technology applicationProduct:Product Code: 3662594 Radio Frequency Detector Eqp; 7392710 Logistic Services NAICS Code: 334511 Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing; 541614 Process, Physical Distribution, and Logistics Consulting Services...
Words: 6970 - Pages: 28
...Wal-Mart Wal-Mart, a US public corporation that ran large discount department stores, was by revenue the biggest public corporation in the world.The company was established in 1962 by Sam Walton. On 31 October 1969, it was incorporated and, by 1972, it had obtained listing on the New York Stock Exchange .In the financial year ending in 2007, the global Fortune 500 list ranked Wal-Mart at the top of the list, with revenues of US$351 billion. Wal-Mart constantly emphasized its corporate philosophy of strengthening its relationships with employees, suppliers and customers. Building its own transportation systems had allowed Wal-Mart to enjoy transportation cost savings and had helped Wal-Mart to deliver products to its various stores within 48 hours. Taking advantage of its wholly owned transportation capabilities, Wal-Mart was four times faster than its competitors in replenishing its merchandise. The pricing of its products was economical and prices were allowed to vary daily. On the procurement side, owing to the huge volume of its purchases, the company enjoyed strong bargaining power. Reliably low prices of Wal-Mart ensured that sales volumes were consistently elevated. Wal-Mart’s retailing activities were operated by three primary subsidiaries: Wal-Mart International, Sam’s Club and Wal-Mart Stores Division US. In addition, Wal-Mart had nine different retail formats for its businesses: restaurants, cash-and-carry stores, membership warehouse clubs, apparel stores, soft...
Words: 2302 - Pages: 10
...Contract Close-Out - PROJ410 Case Study 3 DeVry University Contracts and Procurement Company Background: Multi Equipment Manufacturing Ltd is a leading manufacturers and distributors of light- and medium-sized construction equipment. The company has been supplying construction equipments to fortune 500 companies engaged in various infrastructures and construction related turnkey project. Multi Equipment Manufacturing Ltd has an extensive product line – generators, rammers, rollers, plate compactors, light towers, pumps, welders, concrete installation equipment and more. Many of the products come in unusual shapes, sizes and packages, and some need mechanical alterations before final shipment. The logistics function in Multi Equipment Manufacturing Ltd is responsible for bringing materials to and from a company’s manufacturing facilities, storing finished products, and delivering these products to customers. This important task includes the transport and storage functions. The company is deciding to outsource its logistics functions, so the company can focus on its core competency. The company has experimented in the past with operating its own warehouses and coordinating consignment but found that its service level often was suffering as a result. The wrong products frequently were shipped, serial number reporting was compromised, and deliveries were recorded inaccurately. Multi Equipment Manufacturing Ltd recognized that the company's tradition...
Words: 2879 - Pages: 12
...used as a verb to tell customers that a shipment will be sent so that it is received the next day. Delivering a product on-schedule is the result of multiple business processes working seamlessly to create a Value Chain that yields a firm greater profit over costs (Dess, Lumpkin, & Eisner, 2007). A primary activity of the Value Chain is Supply Chain Management (SCM). Supply Chain Management is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer ((2006). Supply Chain Management Retrieved April 24, 2007, from http://searchcio.techtarget.com/sDefinition/0,,sid19_gci214546,00.html ) Running the full spectrum of products and services, companies rely on sound SCM procedures and techniques to move goods expediently, i.e. Levi promising next day delivery of Dockers to a retail store, or the Department of Defense shipping needed equipment to front line soldiers in the Global War on Terrorism. FedEx is in the business of providing businesses the ability to manage their supply...
Words: 4749 - Pages: 19
