Logistics creates time and place utility for the organization by bringing the raw materials and subassemblies needed to produce the goods and services to the organization.
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- In this modern era, Logistics depends more on Warehousing support to carry on daily activities. Which type of value-added services a warehouse can provide to Logistics services? Explain at least 5 value-added services with proper examples to support your answer.Read the given scenario and answer the following. Use separate heading to answer each point. The maximum limit of words-count in each part is 300 words. Explain time utility and place utility in the context using 7 R’s of logistics. Identify the drivers of logistics. A Rose Is a Rose, but Only If It Is Fresh Supply chains for food and flowers must be fast, and they must be good. When the food supply chain has a problem, the best that can happen is the customer does not get fed on time; the worst that happens is the customer gets food poisoning and dies. In the floral industry, the timing and temperature are also critical. Indeed, flowers are the most perishable agricultural item—even more so than fish. Flowers not only need to move fast, but they must also be kept cool, at a constant temperature of 33 to 37 degrees. And they must be provided preservative-treated water while in transit. Roses are especially delicate, fragile, and perishable. Eighty percent of the roses sold in…Uni Books Publishing was started two years ago by two friends, Saleem and Waseem, who met incollege while studying in Philadelphia, USA. In the new business Saleem focused on editing, salesand marketing while Waseem did the electronic assembly and publishing of books for Uni Books.Their business was successful and profitable in the first two years, largely due to contracts fromtwo big businesses.In their third year they got very busy thanks to their third major customer, a local college that neededcustomized eBooks. They hired several part time employees to help them with their publishingbusiness. But by the end of third year of operation, Uni Books started experiencing criticalproblems. They were:• unable to leverage all the new employees effectively• unable to deliver eBooks to their customers on schedule• unable to provide quality text time and money was being spent fixing defects in their products• unable to control costs their business was not profitable in the third year.Uni…
- Explain the significance of the fact that the purpose of logistics is to meet customer requirements.2-14. Refer back to the logistical activities listed in Chapter 1; pick two that you are interested in and research how they have been influenced by the Internet. Are you surprised by your findings? Why or why not? 2-15. From a logistical perspective, what are some of the differences between online and in-store retailing? 2-16. Why is a “one size fits all” logistics strategy not likely to facilitate effective or efficient online shopping? 2-17. Discuss the advantages and disadvantages of cloud computing.With the help of the case study. Discuss the relationship between industrial 4.0, industrial internet of things (IIOT) and big data (BD) the implementation in the advanced modern era logistics business operations towards effective supply chain business processes. You are required to include clear necessary reasonable assumptions.
- The key to running a successful business lies in its effective management. And when it comes to handling a logistics or supply chain business, it is important to ensure a smooth flow of information as well as the flow of the products through good management.Logistics management includes the management of everything in the supply chain from the raw material to its warehousing, the labour administration, the transportation of the final product to the information flow, all come under it. An efficient logistics management with a proactive and a well-defined strategy can help build better customer relationships, add reliability across the whole supply chain and minimize the need for excess inventory. Along with improving delivery times and reducing errors, there are some additional things to improve in the supply chain. With this regard, Provide a detailed discussion on the impact of time-based strategies in obtaining efficient supply chains and better customer service.To what extent is logistics a strategic function? Does it really have a long-term effect on an organization? Is it possible to be ‘essential’ but not ‘strategic’?A functional strategy helps set objectives that guide the optimum allocation of resources among different business functions. This strategy also guides and facilitates coordination among the functions to maximize their outcomes. From your point of view, do you think that a logistics manager needs to understand the knowledge of functional strategy? Give TWO (2)
- Which is not a sub-process of the logistics process? Select one: A. inventory control B. product assembly C. warehousing D. transportation E. All are subprocessesIn each of the following, name the term defined. Answers are listed at the bottom.1. This is the art and science of obtaining, producing, and distributing material and products in the proper place and in the proper quantities.2. A company that is hired to handle logistics functions.3. A mode of transportation that is the most flexible relative to cost, volume, and speed of delivery.4. When large shipments are broken down directly into smaller shipments for local delivery.5. Sorting goods is the main purpose of this type of warehouse.6. A place where foreign goods can be brought into the United States without being subject to normal customs requirements.What is supply chain management? How does it differ from logistics? Define and explain the different types of inventory costs that managers must consider in making replenishment decisions. How can these costs be determined in practice?