Research and write some notes explaining about the following ways of representing logistics costs: (a) Activity Based Costing (ABC)
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Representing logistics costs using fixed, variable costs, direct and indirect costs have shortcomings from a logistics point of view. However, costs can be allocated to processes so that better decisions can be made in the organization.
Research and write some notes explaining about the following ways of representing logistics costs:
(a) Activity Based Costing (ABC)
(b) Balanced Measurement Portfolio
(c) Supply Chain Operations Reference Model
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Solved in 3 steps
- What are the key components of the strategic profit model?How can it be used to examine the effect of logistics decisions?with the use of relevant exampleds, discuss the impact of tactical planning on successful logistics functionSupply Chain Logistics networks are designed to maximize operational efficiency. Companies attempt to optimize logistics through either a developed network or designing their own network. Discuss when it would be appropriate for a company looking to expand to design their own logistics network or utilize a 3pl or 4pl provider. Specifically address what criteria company would use to make this decision.
- What is the relationship between logistics and Production? What is the difference between logistics network design and logistics process design? Provide an exampleWhat 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?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.
- explain and interpret the concepts of Supply chain management and Network Logistics used by DELL to be a cutting edge company in a highly competitive industry.Critical Thinking Can a company’s reverse logisticssystem have a significant influence on how a consumer views the organization and its brand? Arethere specific types of products for which a company’s reverse logistics system could play a more important role in contributing to a customer’s view of the organization? For those companies what characteristics would you expect their reverse logisticssystems to have in order to create high added valuefor a customer?The basic purpose of the supply chain is to fulfill demand, drive customer value, improveresponsiveness, facilitate financial success and build a good network what focused areas shouldbe considered in logistics management?
- The world’s largest retailer, Walmart, owns and manages its own fleet of trucks. The company has often received praise for its distribution capabilities. The practice, however, seems to represent a stark contrast to the practice of outsourcing not only shipping, but other logistics operations to third-party logistics providers. Address the advantages and disadvantages of these different policies. Under what conditions would it make sense for a firm to own and manage its own trucking operation?1) Discuss each of the 5 reasons that global logistics are increasing in importance. MAnaging rising logistics cost, Lean manufacturing, Operating as an on-demand business, Cross functional sourcing decisions and Supply Chain management. 2) Discuss each of the 10 keys to global logistics excellence. 3) Discuss the areas Tom Craig points out to identify waste that are specific to global supply chain and logistics.Discuss how the logistics function contributes to the supplychain management processes established in the SCOR andGSCF models