...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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...Nguyen Duy Tung 4453554 Group B Tutorial 5 1. Discuss the trade-off between locating manufacturing operations in countries with relatively low wages versus manufacturing in relatively high-wage countries like Singapore or Australia. * The relative wage lies between the ratio of the productivities in each industry. * The domestic country is 6/1 = 6 times as productive in cheese production, but only 3/2 = 1.5 times as productive in wine production. * The domestic country has a wage rate 3 times as high as that in the foreign country. * These relationships imply that both countries have a cost advantage in production. * The cost of high wages can be offset by high productivity. * The cost of low productivity can be offset by low wages. * Because foreign workers have a wage that is only 1/3 the wage of domestic workers, they are able to attain a cost advantage (in wine production), despite low productivity. * Because domestic workers have a productivity that is 6 times that of foreign workers (in cheese production), they are able to attain a cost advantage, despite high wages. 2. In terms of warehousing design, give examples of trade-offs involving space, labour, and the use of automation. Why is it important to undestand these trade-offs? * One key to effective design of warehouse processes is the relative dominance between picking and storage activities because these two warehousing functions typically have opposing requirements. Techniques that...
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...As a brief description of the subject in the study, the life cycle of logistics can also be maximized through establishing effective management organizing efforts to maintain a certain company’s operational structure that will avoid or prevent errors and mismanagement that can take place within the corporation. In this case, the 360 degree logistics can be found when there will be a capital expenditure that will be carried out to fund materials and human resources that will be helping to manufacture product. As soon as the product will be made and distributed to the market, there will be an exchange of commodity as well as financial trade value. This process will undergo the procedural profit taking to collect the monetary amount of profits that has been sold to the market. The monetary value will be distributed to the accounting department of a certain organization to fund services, raw materials, and salaries to employees that completes the life cycle of the business operating organization. Image is one of the most sensitive factors that should be taken cared in long-term basis for the reason that it can be used for the marketing plan that will promote the company’s products to boost sales to the public as mentioned by Ponstern (2008). Location is one of the most important considerations that will be considered for companies such as Panasonic because it is an electrical distributing company that aims to identify potential target market to maintain their production capacity and...
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...OPEN UNIVERSITY OF MAURITIUS OPERATION AND LOGISTICS MANAGEMENT 1 OUbs003212 YEAR 2 SEMESTER 1 (COHORT 4) STUDENT ID : 20140124 * TABLE OF CONTENTS 1. Description of Cookie Production Process 2. Two ways the company has increased productivity and why the oven lenth has result in a faster output 3. Is the company making the right decision 4. Factors that causes the company to carry minimal amount of certain inventories 5. Things I consider in judging the quality of cookies I buy in a supermarket 6. Advantages and limitations stem from the company not using preservatives in cookies. * Description of cookie process Operations Management is the conversion of inputs into outputs, using physical resources, so as to provide the desired utility/utilities of form, place, possession or state or a combination there of to the customer while meeting the other organizational objectives of effectiveness, efficiency and adaptability. Production function is that part of an organization, which is concerned with the transformation of a range of inputs into the required outputs (products) having the requisite quality level. Production is defined as “the step-by-step conversion of one form of material into another form through chemical or mechanical process to create or enhance the utility of another form through chemical or mechanical process to create or enhance the utility of processing, there will be value addition. Batch production...
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...CSE – Efficiency in Proper Logistics Management Training Exercise Set Module 1: Logistics Individual Activity 1 Enumerate at least top 5 suppliers of your company where you get your supplies and another 5 customers where you render your services or deliver your services. Rate your suppliers and customers from 1 – 5 , 5 being the highest and 1 as the lowest for being efficient ( offering lower cost ) in terms of their delivery charge and expenses you incurrred in rendering or delivering your services. Note : if you answers 5, it means that it is efficient in terms of doing logistics LIST OF TOP CUSTOMERS 5 4 3 2 1 1 5 4 3 2 1 2 5 4 3 2 1 3 5 4 3 2 1 4 5 4 3 2 1 5 5 4 3 2 1 5 4 3 2 1 1 5 4 3 2 1 2 5 4 3 2 1 3 5 4 3 2 1 4 5 4 3 2 1 5 5 4 3 2 1 LIST OF TOP SUPPLIERS Group Activity 1 Per group, discuss among yourselves the top five problems you encounter with your current suppliers and another top five problems with your customers in terms of logistics. Share with your groupmates what particular problems requires outmost attention and solution: For group, write your combined top five problems for customers and suppliers and present it in the class: For your company, Write here the top five (5) problems with your customer Facilitated by: Mr. Caesar Apolinar...
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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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...Logistics Management Paper SCOM 352 Logistics Management Logistics Management is part of the Supply Chain Management that controls, implements, plans the efficient, productive, reverse and forward flow and warehousing of goods, services, and relevant information between the point of origin and the point of destination in order to meet customer demands (About.com Logistics/ Supply Chain 2011). Logistics software helps improve the supply chain industry in automating the workflow as well as management of the system. It also helps improve the overall effectiveness of logistics management for transportation, logistics network, information, warehousing, and materials handling and packaging. Elements of Logistics Management for Employees Logistics consists of ten elements. 1. Planning and Maintenance. The process of developing and establishing maintenance, support and repair processes for the life of the system. 2. Supply Support. The process which acquires stores, receives, catalog, dispose of issue, and transfers items in big quantities to meet the needs of their customer customers. 3. Personnel and Manpower. Is the process that helps determine how many employee's it takes to operate, sustain, and maintain the system. 4. Technical Information. Is information collected in order for the company to maintain operating systems and equipment. 5. Facilities. This includes storage facilities whether they be permanent or part time to store their product...
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...5033 Human Resource Management & Theory 14 November 2013 Logistics Management is a branch of science with deals with numerous factors that are becoming more and more actual regarding global expansion of business today. Master's degree is a responsible step in the world of research and development in this field of science. It opens new horizons for people who are ready to initiate, investigate, develop and implement innovation in the world of Logistics as well as update, master, change and advance already existing practices. Profound knowledge of Logistics Management with Master's degree gives more opportunities for people to succeed in professional and personal development and build their career getting maximum they can from this occupation. The first reason to take a Master's course in Logistics Management is a wide range of topics and units it covers. The units studied focus on the supply chain management that is vital in the modern business setting. Many companies are expanding and grow globally, locating their offices, plants and factories in different parts of the world. Logistics professionals apply their knowledge to provide effective connection between all units and calculate the most effective ways to transport resources and goods globally. Supply chain management is not the only studies dimension of logistics. People who are getting Master's degree in Logistics Management can advance their knowledge about different...
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...The Fresh Connection Game Strategic Supply Chain Management SHT 4001 University of HUDDERSFIELD Name: Zhen Lei (Ray) ID: U1069600 Course: Transport & Logistics management Module Leader: Jayne Hemmingham Executive Summary The main purpose of this report is to discuss and introduce the experience of playing the fresh connection game with answering three main questions, The first one is to consider the competitive strategy of the team and evaluate the scope of team’s supply chain strategy was marching with its competitive strategy. The second is to utilize the financial information to analysis the situation of the business in the last round. Examples need to be explained how our team’s supply chain strategy influenced the financial performance of our team. The last point is to explain how the information can be used in the business to achieve sustainable improvements. The participants not only need to introduce their experience of the game but also demonstrate relevant academic theory and concepts. Introduction This report concentrates on reflecting on the experience of playing the fresh connection game experience. The fresh connection is a website which is one the strength of supply chain management researching environment and is played by both students and professionals. It provides a learning experience of supply chain. The students will make strategic decisions in the supply chain of the fresh connection which is based on a substantial producer of...
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...INDIAN INSTITUTE OF BUSINESS MANAGEMENT A Project report on Implementation for Supply Chain Management & Improvement on Pro-connect Supply Chain Limited SUBMITTED BY KULAMANI ROUT REGNO- 521148659 A PROJECT REPORT SUBMITTED FOR PATRTIAL FULFILLMENT OF AWARD OF DEGREE OF MBA TO SIKKIM MANIPAL UNIVERSITY [pic] INDIAN INSTITUTE OF BUSINESS MANAGEMENT OF HEALTH, MEDICAL & TECHNOLOGICAL SIENCES Distance Education Wing Syndicate House, Manipal – 576 119 [pic] CERTIFICATE Office of the CENTER-HEAD Ref. No: GB/SCM-214B-LN-09 It is to certify that KULAMANI ROUT a student of Sikkim-Manipal University has completed the project entitled A PROJECT REPORT ON SUPPLY CHAIN MANAGEMENT & IMPLEMENTATION OF REDINGTON INDIA LIMITED as project work for Final Semester towards the partial fulfilment of the Requirement for the award of the MBA during Jul-2013. During his project work he has sincere and hardworking. In my opinion this work fulfils the requirement for which it has been submitted. I wish him best wishes for the better future in management. Surendra Kumar Sahoo Place: Bhubaneswar CENTER-HEAD Date: 22.05.2013 ...
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...terms, ‘logistics management’ and ‘supply chain management’ have the same meaning in operations and why logistics management might be of strategic importance to a manufacturing or service organisation. During last two decades, the importance of logistics has been noticed around the world. In global markets, the effects and further developments of logistics and supply chain management for corporate success has increased significantly that result in a large amount of companies have taken actual benefits in logistics, such as reducing costs, enhancing customers' satisfaction and increasing sales. However, some people are confused with the relationship between logistics and supply chain management, what logistics or logistics management is and what supply chain management is, weather or not that they are the same meaning in operations. Therefore, this essay will argue that logistics management and supply chain management are not exactly the same in operations because of the scope where utilized and some specific activities are similar, but some are different. In the end, this essay will also talk about the reasons for logistics management is a important strategy to manufacturing or service companies. The first argument is that they are not completely the same terms in operations because of the scope where utilized are different. Firstly, according to Murphy & Wood (2008), CSCMP states that the supply chain management includes all activities about planning and management, such...
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...AC 1: Understand the relationship between supply chain management (SCM) and organizational business Objectives 1.1explain the importance of effective supply chain management in achieving organizational objectives 1.2 explain the link between supply chain management and business functions in an organization 1.3 discuss the key drivers forachieving an integrated supplychain strategy in an organization AC 2: Be able to use information technology to optimize supplier relationships in an organization 2.1 evaluate the effectiveness of strategies used by an organization to maintain supplier relationships 2.2 use information technology tocreate strategies to develop anorganization’s relationship with itssuppliers 2.3 develop systems to maintain an organization’s relationship with its suppliers AC 3 : Understand the role of informationtechnology in supply chainmanagement 3.1 assess how informationtechnology could assistintegration of different parts of the supply chain of anorganization 3.2 evaluate how informationtechnology has contributed to themanagement of the supply chainof an organization 3.3 assess the effectiveness ofinformation technology inmanaging the supply chain of anorganization AC 4: Understand the role of logistics andprocurement in supply chain Management 4.1 explain the role of logistics insupply chain management in anorganization 4.2 evaluate procurement practices in an organization 4.3 discuss the factors...
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...1. Introduction 1.1 About the company HAVI Logistics understands itself as a Lead Logistics Provider for the food service industry. Nearly 6000 employees across Europe are providing sophisticated and benefitable logistic solutions for restaurant chains, catering services and gas station stores. Since its founding in November 1981, HAVI Logistics has provided its clients with all-time carefree distribution services of all food and non-food articles in three temperature classes - deep frozen, cooled and dry - and delivered them to 8,641 locations. HAVI runs 55 distribution centers all across continental Europe. A good 74 m units sold are yearly moved by seven distribution centers in Germany alone, with a vehicle fleet of 769 lorries, earning HAVI Logistics € 4.4 bn in sales. (Havi Logistics,[03/10/2013]) HAVI Logistics clients benefit from the “One-Stop-Shopping”-distribution system with its individual infrastructure: one order, one delivery, one invoice. The Lead Logistics Provider thus takes over more control of the entire logistic chain than the mere physical movement of goods providing the highest standards in delivery and food safety. As a logistic partner, HAVI is completely integrated into the client’s business model. Hence, the client can fully focus on its core operations, while HAVI Logistics takes care of all logistic processes, from acquisition and purchase-price optimation all the way to distribution and storage...
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...| Discuss the impact of Information Technology have on Logistics Management | | | | | | Introduction New technology in the supply chain can help improve supply chain agility, power up operation, reduce cycle time, achieve higher efficiency and deliver products to customer on time if implemented correctly. It is also to make sure new solution integrate with existing technologies and processes crucial. Integrating new technology into existing operations can help a lot in increasing customer service, reduce costs, and streamline supply chains. The new technology must fit into existing policies, practices and people and use to it full power. We will further discuss on the impact of such technology have on various logistics function. Customer services Focusing on total customer satisfaction can improve its process to deliver better service at lower cost. Customer-driven is described as the next step beyond total quality management. The objective is not simply to deliver some abstract definition of quality but to deliver total satisfaction to the customer, of which the delivery of quality is only a part of it. In the past, customer information cannot be fully used in setting processes of firms’ conditions. With the increase in the speed of the IT, it had provided the ability to offer their customers another way to contact the firm regarding services issues and integrate customer and firm information to bring benefits to both customer and firms. Some companies...
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...philosophy of vertical integration in manufacturing and packaging of fresh food products resulting forming 100% subsidiaries in order to fully integrate or control the business activities of those subsidiaries. It has hands-on leadership with a long service history. It is also driven by a growth orientation demonstrated by 97% increase in stores units between 1990-1996, operating profit increase of 216% over 7 years and 170% inventory turnover over the same period. This is further supported by business concepts such as total quality management, benchmarking, outsourcing and staff trained across the board to be innovative, cost conscious and wary of complacence . It is also driven by demand for its products and a first-time-every time business philosophy which ensures doing the right thing (effectiveness). Its It values employees as assets hence always promotes from within. All new developments are handled by the project management team. My assessment would be totally supportive of this business strategy where the organization looks for acquisitions of related business (vertical integration) and applies the...
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