REVIEW OF LITRATURE
Review of related literature gives a basis for any research. Unfortunately, there are not much studies conducted in this field of Logistics Management. Following are the available related studies undergone in the area of Logistics Management.
Chang-Ing and I-Jin (1999) show the relation between average logistics cost per item, consumer demand and the interrelationship between them are analyzed. Commodities are distributed through a depot directly or through single intermediate terminal to many retail establishments. Minimizing average logistics cost, or maximizing total supply subject to the demand- supply equality determines the optimal density of retail establishments and local terminals. The envelope curves for the optimal configuration strategies corresponding to different values of total market area and terminal cost are derived.
Aronsson et al (2000) have developed a template for a logistics education course. The template addresses functional, process and supply chain needs. The template is currently being prototyped with the principle of ‘gestalt’- the whole is greater than the sum of the individual parts.
Outi (2000) studied logistics costs of industrial enterprises in a supply chain. The following aspects of logistics
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An effective global supply chain (GSC) management seeking to secure market share. Global third-party logistics (3PL) has developed into an alternative for the needs of global collaboration. In this, the authors present a new application of collaboration in Global Supply Chain execution, namely collaborative transportation management (CTM) that can reduce delivery time and to improve delivery reliability. A case study is illustrated the application of CTM by a 3PL provider in a notebook computer GSC. The implementation results show that the delivery cycle time and the total cost are simultaneously
In his book God Behaving Badly David Lamb examines difficult texts in the Old Testament and tries to answer the hard questions that arise from those readings. In my own examination of Lamb’s God Behaving Badly I will look at a few of the- questions and difficult texts that I found most interesting. Specifically, I will examine Lamb’s response to God 's anger, apparent lack of concern for race and genocide, and violence in the Old Testament, and I will offer my own response.
The french revolution and mexican revolution both happen in different time eras but were both worth the cost for similar economic, political, or social reasons. The poorest of people, dealing with these charges including soaring bread payments announced it was sufficient and began to force a resolution upon the dictator. The Mexicans would become fighters while the French laborers would arrange an organization to progress upon the dictator's expenses. These laborers remained battling not just for themselves but towards everyone that was terrified to use their voice because they were traumatized by the consequences that could result. These laborers didn't comprehend what was going to occur as an outcome of the revolution, but they understood
(Bowersox, D.J., Closs, D.J., and Cooper, M.B. (2010). Supply Chain Logistics Management. (3rd Edition) New York, NY: McGraw-Hill/Irwin.
Due to globalisation, a growing trend was observed where businesses expanded across national boundaries to capture new markets and outsource production. This increased the need for movement of goods which created demand for global transportation. From increasing inflation and competition, businesses were sought to reduce operating costs, hence demanding for more efficient logistics management to reduce inventory costs and implement just-in-time inventory.
Socialization is the process which people learn the attitudes, values, and behaviors that are appropriate for members of a culture. My family experiences relate to me by learning the proper way to behave, morals to believe, and knowing what to value in life. Between the views and attitudes of my parents, they both believed that women deserve equal rights with men and stood up for equality. There wasn’t any conflicting ideas within my family about the nature and “proper” role of women. There are generational attitudes in the way my parents grew up verses myself. For an example, my parents grew up in a society of where girls are expected to learn how to clean and cook in the country, while boys were expected to run the farm and do agriculture.
Following the paradigm shift on the role of logistics management in the recent decades, there has been a wide recognition of this as a very important aspect a business strategy in general. However due to the numerous factors promoting complexity of logistics management companies have adopted the idea of outsourcing their logistic activities to Third Party Logistics (3PL) providers. Hence, 3PLs have taken a critical role towards supply chains of heir customers.
A Research Project Report submitted in partial fulfilment of the requirements for the Degree of BSc (Hons) Logistics, School of Applied Sciences, The University of Huddersfield, 2011.
International Journal of Global Logistics & Supply Chain Management. Vol. 1, No. 2, 1 November 2006, 90 – 97.
The ISOL + Group produces and sells a series of insulating products for the construction industry, sheathing for pipes, and rigid boards blanket insulation. The firm’s subsidiary has its own production plant and increases its own production capacity through buying from another of the Group’s plants those products it cannot manufacture due to technical reasons or in situations when it is operating at full capacity. The company’s production department is in charge of logistics in addition to other functions such as end-product distribution. The subsidiary, ISOL + FRANCE has initiated an extensive rethinking of logistics matters in the Group. This process was geared towards evaluating the situation
Inventory handling is very crucial as per the physical distribution management is concerned. This is because it has direct influence to satisfaction of customers. Inventory levels are said to a function of market type within which the company operates. Therefore companies should not run out of inventory so as to maintain their customer base. Transport is the influence of distribution cost. Therefore the chosen mode of transport should be at apposition of protecting the goods from damage thus not endangering the future of the business. In reference to the article regarding the distribution centers, several retailers like the Tesco & Sainsbury have diverted all their warehousing to various logistic companies to offer transportation services. In an economic point of view, marginal cost (MC) is equal to marginal revenue (MR), (Acemoglu, 2012). This statement also applies to marginal marketing expense (MME) equals to marginal marketing response (MMR). This will only occur when there is an increment in the service levels. In conclusion, the knowledge of physical distribution is only essential to purchasers and work study management can be related to PDM since it entails accuracy and efficiency. On the other hand, logistic structure should not be nonflexible but can be
The three major phases of the production network, acquisition, generation and circulation, have been overseen freely, cushioned by extensive inventories. Expanding focused weights, and business globalization are constraining firms to create supply chains that can rapidly react to client needs. To stay focused, these organizations must decrease working expenses while persistently enhancing client administration. With late advances in correspondences and data innovation, and a quickly developing show of logistics choices, firms have a chance to lessen working expenses by arranging the arranging of these stages.
Blanchard (2006) defined third party logistics as, “A single entity that coordinates all the logistics requirements for a given company/agency.” Today’s world business environment has become so competitive that companies in order to be successful in the market must deal with different resources for satisfying their customer need. In the past decade or so the competitive global market has made a big influence in the growing for external business. Third party logistics providers are more and more employing external companies for inventory
Master Project in International Logistics and Supply Chain Management Authors: Lining Bai Ying Zhong Tutor: Jönköping Jens Hultman 2008-01
For our current context, we are dealing logistics as limited to the warehousing, transport and integral management part of the whole supply chain of an organization. In any small to big business, logistics holds a crucial importance of cutting costs and avoiding waste of materials and the golden time resource (Anon., 2012). In our earlier assignment, we mentioned five critical global changes which are bring vital transform in the logistics functionalities of the enterprises. These changes were analyzed for the current period scenario and the coming decade in the organizations regarding Australian Context.
This section presents some of the key challenges and issues that logistics faces today and will continue to face in the future. As the role of logistics grows and takes on greater importance in achieving the overall goals of the organization, it needs to meet the challenge and improve its performance to support those goals. Some areas of opportunity include: