...manufacturing, logistics and finance departments? Explain the logistics department’s role in the introduction of the new products. Logistics professionals and other knowledge managers realize, however that in spite of all the hype about the Internet, successful organizations must manage order fulfillment to their customers effectively and efficiently to build and sustain competitive advantage and profitability. At the same time, the competitive marketplace demands efficiency are controlling transportation, inventory, and other logistics related costs. A different perspective on supply chain managements views it as a complex of the logistics systems and related activities of all the individual organizations that are a part of particular supply chain. In addition, there are three principle ways in which logistics adds value such as place, time and quantity utilities. The interactions needed to take place among the marketing, manufacturing, logistics and finance departments are very important. Logistics obviously are focuses on process that cut across traditional functional boundaries, particularly in today environment with its emphasis on the supply chain. Logistics interfaces between manufacturing and logistics are related with length of the production run. Advantages and disadvantages are gives impact on inventories. The logistics managers are responsible for the inbound movement and storage of raw materials and components that will support production, logistics and manufacturing...
Words: 1398 - Pages: 6
...LOGISTICS is the function responsible for the flow of materials from suppliers into an organisation, through operations within the organisation, and then out to customers. Supply chain management, however, is about managing the flow of materials, components and information throughout the total pipeline from raw materials to end user, and is based on effective customer/supplier relationships to ensure quality, delivery, cost and flexibility can be improved throughout the supply chain. This integration will result in a reduction in the total cost of logistics rather than the cost of each activity. This is due to the improved flow of material and information, improved transport and warehouse asset utilisation and elimination of duplicated department efforts. Consequently this results in an improved capability to respond to customers ―Quick Response‖ needs. The goal is to improve customer service, save cost and increase revenues. to satisfy the end customer whilst achieving competitive advantage over any competitors through ensuring maximum efficiency and return. To respond more accurately to actual customer demand and keep inventory to a minimum (Pull System), leading companies have adopted a number of speed-to-market management techniques that help them to build a comprehensive supply chain structure, such as just in time (JIT), quick response (QR), efficient consumer response (ECR) and vendor managed inventory (VMI). There is a need to develop collaborative relationships...
Words: 4484 - Pages: 18
...TSHWANE UNIVERSITY OF TECHNOLOGY FACULTY OF MANAGEMENT DEPARTMENT OF MARKETING LOGISTICS AND SPORT MANAGEMENT CLASS TEST 1 (LGS300T) DATE: WEEK OF 25 FEB 2014 TIME: 20 MIN TOTAL MARKS: 10 INSTRUCTIONS: 1 ANSWER ALL THE QUESTIONS 2 THIS TEST IS AN OPEN BOOK TEST QUESTIONS (MULTIPLE CHOICE): 1. Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape? a. Government policy b. Technology c. Environmental concerns d. Globalization Outsourcing involves a. moving company facilities away from the home office. b. hiring foreign nationals to manage parts of the business. c. obtaining materials, parts, and products from other companies. d. building a factory in another country. The Supply Chain Concept a. is very new and considered cutting edge technology. b. is highly dependent of computerization. c. not always well understood by senior managers. d. developed from the previous Physical Distribution concept. Logistics, in its simplest form, a. is a military term, as it was developed originally to supply the battlefield. b. combines inbound logistics with the outbound logistics of physical distribution. c. is another term for transportation management. d. does not involve customer service or other related functions. Which of the following is not part of the Supply Chain network? a. Plants b. stores c. terminals d. distribution centers Complexity in the supply chain is caused by a. the number of SKUs. c. transportation...
Words: 406 - Pages: 2
...Logistics Planning and Management Lecture 1 Prof. Ying-Ju Chen Agenda Course Information Objectives and Learning Outcomes Structure and Grading Class Participation Topics Agenda Course Information Objectives and Learning Outcomes Structure and Grading Class Participation Topics Course Information Course Title • IELM 3450: Logistics Planning and Service Management • ISOM 3760: Logistics Management Instructor • Prof. Ying-Ju Chen • Office: LSK 4035 (Business building) • Email: imchen@ust.hk • Ph: 2358-7758 Instructor Qualification • BS &MS, Dept. of Electrical Engineering, National Taiwan University • M Phil &PhD, IOMS-Operations Management Group, Stern School of Business, New York University Instructor Past Experience • Faculty, IEOR Department, University of California at Berkeley, 2007-2014 Taught Courses • Dynamic programming • Service operations management • Production system analysis •… Instructor Current Appointment • Department of ISOM, School of Business and Management • Department of IELM, School of Engineering • Joint (50 & 50) appointment • Home dept & office: SBM • Teaching: 50 & 50 • Service: 100 & 100 … Agenda Course Information Objectives and Learning Outcomes Structure and Grading Class Participation Topics Course Objectives Understand role of strategic logistics management in global firms Analyze logistics problems on a functional, business and company-wide basis Get...
Words: 736 - Pages: 3
...Logistics Name Course Institution Professor Date Abstract Logistics management implies to the process of controlling the movement of goods from the manufactures to the ultimate consumers. Activities in logistics management involves management of transportation inside a company as well as outside it, the handling of materials, management of inventory, warehousing, fulfillment of orders, the management of fleet and supply and demand planning (Commonwealth, 2007). Additionally it involves customer service, sourcing, production arrangement, packaging and procurement. There are three levels of planning and implementation that logistics management form part they include; tactical, operational and strategic level. Basically logistics management encompasses the process of amalgamation that ensures coordination between all activities that involve transportation and merging transport activities with other activities in business for instance marketing, information technology, manufacturing and finance. In this case it may be understood that logistics management is constituted in the control of supply chain processes of goods. These processes involves the arrangement, execution and control in an effective and efficient way product storage and services aimed at meeting expectations from customers (John and Langley, 2002). Activities of online logistics for instance operations that involve sourcing, international transportation as well as...
Words: 1892 - Pages: 8
...1. Why can the current movement toward supply chains be characterized as a revolution? Traditionally firms felt the need to cooperate with their supply chain partners. However the association was limited to an acknowledged dependency and institutional specialization. There was a lack of commitment primarily due to lack of high quality information. However during the last decade, rapid advancements have taken place in the area of information technology. This has enhanced the speed of obtaining and sharing of information between the supply chain partners and consequently increased the level of collaboration within the traditional distribution channel. This process was accelerated with the Internet and worldwide web explosion. With this arrangement, managers were able to reduce non-value-added services, duplication, and redundancy between the consecutive stages of order fulfillment process. Moreover the managers began to believe that such sharing could beneficial for the partners. These efforts to extend and leverage the operating range of the individual firms have propelled the manifestation of collaborative supply chains. This transformation has been so rapid and abrupt that it could be labeled as a revolution. 2. Compare the concept of a modern supply chain with more traditional distribution channels. Be specific regarding similarities and differences. Traditional distribution channels typically had an order fulfillment time of 15-30 days. But if something went wrong, this...
Words: 1968 - Pages: 8
...What does inventory management mean? Inventory management is the supervision of non-capitalized assets (inventory) and stock items. A component of supply chain management, inventory management supervises the flow of goods from manufacturers to warehouses and from these facilities to point of sale. A key function of inventory management is to keep a detailed record of each new or returned product as it enters or leaves a warehouse or point of sale. Breaking down inventory management Successful inventory management involves creating a purchasing plan that will ensure that items are available when they are needed (but that neither too much nor too little is purchased) and keeping track of existing inventory and its use. Two common inventory-management strategies are the just-in-time method, where companies plan to receive items as they are needed rather than maintaining high inventory levels, and materials requirement planning, which schedules material deliveries based on sales forecasts. Some aspects of inventory CYCLE STOCK Cycle stock is the average amount of inventory a business needs to meet customer demand between the times it orders more inventory from suppliers. A company goes through its cycle stock inventory as it sells products and restocks inventory. It is required in order to meet demand under conditions of certainty ; that is, when the firm can predict demand and replenishment times(lead times). Cycle inventory is also known as “normal inventory” or “batching...
Words: 1002 - Pages: 5
...Logistics is the management of the flow of goods, information and other resources, including energy and people, between the point of origin and the point of consumption in order to meet the requirements of consumers (frequently, and originally, military organizations). Logistics involve the integration of information, transportation, inventory, warehousing, material-handling, and packaging. Logistics is a channel of the supply chain which adds the value of time and place utility. Origins and definition The term "logistics" originates from the ancient Greek " " ("logos"—"ratio, λόγος word, calculation, reason, speech, oration"). Logistics is considered to have originated in the military's need to supply themselves with arms, ammunition and rations as they moved from their base to a forward position. In ancient Greek, Roman and Byzantine empires, there were military officers with the title ‘Logistikas’ who were responsible for financial and supply distribution matters. The Oxford English dictionary defines logistics as: “The branch of military science having to do with procuring, maintaining and transporting material, personnel and facilities.”Another dictionary definition is: "The time related positioning of resources." As such, logistics is commonly seen as a branch of engineering which creates "people systems" rather than "machine systems".... Military logistics In military logistics, logistics officers manage how and when to move resources to the places they are needed...
Words: 3529 - Pages: 15
...The Logistics System: A Key Element of Contraceptive Security Planning A logistics system provides excellent customer service by fulfilling the six “rights”: ensuring that the right goods, in the right quantities, in the right condition, are delivered to the right place, at the right time, for the right cost. Logistics Cycle Over the years, experts have developed a logistics cycle that describes the activities of a logistics system. The logistics cycle comprises the following: • The logistics management information system (LMIS), which is at the heart of the cycle; • Quality monitoring, which is a continuing activity throughout the cycle; and • Policies and adaptability, which constitute the logistics environment. Each activity in the logistics cycle must contribute to excellence in customer service. Logistics management includes several activities that support the six rights. The logistics cycle (JSI/DEVILVER Web site, 2005) emphasizes the interdependence of the various activities (see Figure 1). For example, product selection is based on serving customers. What would happen if, for medical reasons, customers refused to use a particular product? Logistics managers would need to reconsider their earlier decision and order products more acceptable to the customer. The decision would, in turn, affect procurement and storage, which are two other activities in the logistics cycle. Figure 1. The Main Activities in the Logistics Cycle Serving...
Words: 1522 - Pages: 7
...Logistics has an important relationship to manufacturing, marketing, finance, and other areas of the organization * Logistics Interfaces with Operations/Manufacturing * Logistics Interfaces with Marketing * Logistics Interfaces with Other Areas Interfaces w/operations/manufacturing -Length of production runs Balance economies of long production runs against increased costs of high inventories. -Seasonal demand Acceptance of seasonal inventory to balance lead production times. -Supply-side interfaces Stocking adequate supplies to ensure uninterrupted production now a logistics function. -Protective packaging Principal purpose is to protect the product from damage. -Foreign & third party alternatives Some logistics functions are being outsourced. Logistics Interfaces with Marketing: The Marketing Mix – Four Ps * Price * Product * Promotion * Place -Manufacturing and marketing are probably the two most important internal, functional interfaces with logistics. -Other important interfaces now include finance and accounting. Logistics can have a major impact on return on assets and return on investment. Logistics costs reported by cost systems measure supply chain trade-offs and performance. Economic utilities and means that add value to a product or service in the SCM * Production * Form Utility (by assembling parts into finished...
Words: 1640 - Pages: 7
...DISTANCE EDUCATION CENTRE Assessment Attachment Form DISTANCE EDUCATION CENTRE Assessment Attachment Form Student ID: Place X if YMCA Singapore student UTAS email address: 176069 | x x | Aj16@postoffice.utas.edu.au | Name and return postal address: Unit code and name: | | JNB225 | Block 216#04-289, | | Unit Co-ordinator: | Bukit Batok St 21, | | Hilary Pateman | Singapore (650216) | | Assessment no.: | 1 | | Due Date: | 18 August 2014 | Date submitted: | 20 August 2014 | Checklist Assignment conforms to the Department’s presentation and referencing guidelines Each page is numbered as per the Department’s guidelines A Reference page is included at the end of the assignment Assignment has been read to check for spelling errors and careless construction The word count is clearly visible on the cover page (exclude assignment question, abstract and list of references in word count) You have kept a copy of this assignment for your own records ------------------------------------------------- Plagiarism Declaration: *By submitting this assignment and cover sheet electronically, in whatever form, you are deemed to have made the declaration set out below. I declare that all material in this assignment is my own work except where there is clear acknowledgment or reference to the work of others and I have complied with and agreed to the University statement on Plagiarism and...
Words: 1959 - Pages: 8
...1- IMPERIAL Logistics, one of three divisions within the diversified, international industrial services Group, is a global logistics and supply chain leader that moves business and industry through innovation, inspiration and foresight. They deliver excellence in end-to-end logistics and supply chain management, daily – enabling customers to grow in an efficient, proactive and cost effective manner. a. Location: Established in 1975, today Imperial are at the forefront of the logistics industry with extensive operations in Europe and Africa, including countries such as Botswana, the Democratic Republic of the Congo, Namibia, Mozambique, Tanzania, Zimbabwe and Zambia. The Southern Africa division currently houses more than 70 operating companies. b. Volume: Employer of 17,000+ in southern Africa and largest employer of industrial engineers and professional logisticians in South Africa. Total storage capacity > 2,240,000 m² and under cover warehouse capacity 1,500,000 m². c. Competitors: 1. Unitrans 2. Barloworld Logistics d. Competitive Advantage: 1. Exposed to diverse industries, markets, countries and clients 2. Expansion in inland waterway shipping due to Lehnkering acquisition 3. Extensive, established operations in 14 African countries 4. Leader in private sector transport and warehousing operation in Africa 5. Financially strong company and good market position e. Inventory Management: Transportation solutions: IMPERIAL Logistics is a global leader in...
Words: 832 - Pages: 4
...Furthermore, once the size, number, and the location are determined, the production flows through its customers will be available. Ruthwik (2008) states these decisions will have a great significant to the firm since they have access to customer markets and will be having considerable impact on the revenue, cost and level of service. These decisions should consider a lot of things such as production cost, limitation, traffic, distribution cost and so forth. It can be said, even though the location decisions are mainly strategic, it has the impact on the operational level. Another critical issue is the capacity of manufacturing facilities, this depends on the extent of the vertical integration with in the firm. In other words, the location of the logistics is important in order to locate the manufacturing firms. On the other hand, determining the location of manufacturing includes the distribution centers or warehouse. It is important to determine the location of distribution center or warehouses because it holds inventory. In determining the location of distribution center or warehouses, it should be located near the company because it can reduce the cost of transportation. In other words, distribution centers or warehouses should be located around major transportation hubs. This can make the transportation easier and more efficient. Example, a company from UK is a distributor and always delivers products to ASIA. It can be said, the transportation cost is expensive. It is more appropriate...
Words: 295 - Pages: 2
...components of a balance sheet? A: assets, liabilities and owner’s equity 3.6) Q: Discuss how logistics decisions affect net profit margin in an organization. A: They are affected by sales, costs of goods sold, and total expenses. 3.8) Q: Discuss some of the ways that inventory costs can be reduced in order to affect an organization’s financial performance. A: Reduce inventory, inventory carry cost, inventory turnover, and information availability. 3.10) Q: How does logistics strategy connect to overall corporate strategy? Is it a one-way or two-way connections? A: Saves money, customer satisfaction, turnover, and inventory. It is a two-way connection. 3.12) Q: Most managers believe that while it is possible to connect logistics decisions to costs, the connection to revenue enhancement is difficult to impossible. Do you agree or disagree? Why? A: I agree. There are always unknown factors such as availability of product, logistics in general, customer satisfaction as well revenue streams. High risk, high reward. 3.14) Q: Do you think corporate cultures are relevant for designing a logistics measurement system? Why or why not? A: Yes. The more culture you have the more diversity you have. The more diverse a company is the more they can expand in the business world as well as inside their own company as a whole. 3.16) Q: Describe how logistics decisions might affect an...
Words: 496 - Pages: 2
...LOGISTICS For the manufacture and sale of commercial and industrial pumps, there is no export controls placed on the selling of the company’s product to the target primary market. There is no validated export license required to export the product to the primary target market. Product can be exported under the NLR (no license required) provision. Licensing requirements were determined from the Department of Commerce’s Bureau of Export Administration. Government regulations and standards do exist in the primary market of Kazakhstan. These requirements govern material contents, labeling requirements, electric current cycles and voltage, environment standards, CE marking requirements, and ISO compliance. With the use of an outside partner agency, the company can easily fulfill these standards and regulations. There are no geographic or climate differences that will affect product functions. The product is impervious to humidity, heat and/or cold conditions. With the product being sold to industrialized and commercial operations, there are no buyer preferences that must be acknowledged in this new buyer group. There are no product size, packaging or color preferences that need to be addressed. There are no outside preferences that will influence buying decisions. Cultural aspects might influence acceptance of the product. Religious beliefs, taste preferences, habits and lifestyles will need to be discovered and addressed prior to the implementation of the plan to...
Words: 1118 - Pages: 5
