Logistics: Economics and Supply Chain Essay

A. Military Logistics: is the design and integration of all aspects of support for the operational capability of military forces and their equipment to ensure readiness, reliability, and efficiency. B.Service Logistics- the acquisition, scheduling and management of the facilities, assets personnel, and materials to support to and sustain a service, operation or business. C. Business Logistics – The part of the supply chain process that plans, implements, and controls the efficient, effective…

reverse logistics is outsourcing that function to third parties or transportation companies. It's up to the shipper, though, to examine the cost and service benefits, then decide how much of the process should be outsourced. "As with any outsourcing decision, it's a matter of being able to focus on your core competencies and freeing up your people to work on products rather than expend your assets on [reverse logistics]," suggests Brett Chyatte, senior marketing specialist for reverse logistics at Federal…

This will reduce inventory in the different countries and increase supplies in the other. Another way to DLC can help is to use cross-docking Using design for logistic will reduce shipping and inventory cost because handling cost, space per product usually decrease; revenue per square foot usually increase. In Concurrent and parallel Processing HP must focus on modifying the manufacturing process; in essence, modification of the product design. It helps to combine stems in a manufacturing process…

measure performance of the supply chain. Supply Chain measurements or metrics such as Inventory Turns, Cycle Time, DPMO and Fill Rate are used to track supply chain performance. Supply chain management metrics can help you to understand how your company is operating over a given period of time. Supply chain measurements can cover many areas including Procurement, Production, Distribution, Warehousing, Inventory, Transportation, and Customer Service any area of logistics. However having good performance…

will not need people to capture and record inventory data that are associated with repair parts that move through the DoD supply chain. RFID will reduce labor requirements to free up military personnel to concentrate on other critical task but it will also improve accuracy and make it possible to find a part in the DoD supply chain at any given time. Overview The Logistics Innovation Agency is trying to identify any appropriate methodology/systems that would allow for the diversion and or redirection…

One of the first things that the military had to change was its attitude that logistics is the same thing as supply management. Logistics plays a very important role in the supply chain but supply chain management involves much more than simply logistics. (Hyland 2002) A team at Ohio State University developed a framework for supply chain management that consists of three supply chain elements: network structure, business processes; and management components. These same elements were applied…

the Internet is having on supply chains today. “E-enabled supply chain management is fast emerging as a core strategy that organizations worldwide are adopting for sustainable business advantage”. (4) The class text states that Supply chain management is frequently divided into supply chain planning applications, supply chain execution applications, logistics management, and warehouse management. Often when companies fail at implementing an efficient supply chain because of the planning section…

to the customer's customer [2]. The Supply Chain Operations Reference (SCOR) is a business process reference model which was developed by the supply chain council (SCC). “The SCOR model is the only supply chain framework that we found that links performance measures, best practices, and software requirements to a detailed business process model” —Logistics Management Institute June 1999 The SCOR-model captures the council’s general view of supply chain management. While much of the underlying…

Primary activities further include inbound logistics, operations, outbound logistics, marketing and sales and service. Secondary or support activities include procurement, human resource development, technology development and infrastructure. These activities are provided to sustain primary activities (Feller, A., Shunk, D., Callarman, T., 2006). Generally, value chain and supply chain are complementary views of an extended enterprise that enabled the flow of goods and services in a certain direction…

Proper and prudent supply chain management can lead to long term sustained success while lacks supplier selection and relations can lead to a wholly dysfunctional business. In order to perform well against competitors, especially in the large commercial aircraft space which pins Boeing and Airbus against one another in a neck to neck race for dominance, supplier selection must be done with vigilance and all the due diligence. Boeing’s process is one that “emphasizes the importance of competitive…