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Discuss the economic impact of logistics
Importanceof logistics management
Importanceof logistics management
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Recommended: Discuss the economic impact of logistics
Logistics is an aspect of military for the management of the flow of goods between the point of origin and the point of consumption with the aim of meeting some requirements, of customers or corporations. The resources that are managed in logistics may include abstract and physical items. Abstract items like time, information, particles, and energy. Physical items like food, materials, animals, equipment and liquids. Logistics of any physical item generally involves the integration of information flow, material handling, production, packaging, inventory, transportation, warehousing, and often security. The main aim in logistics is the transport and delivery of goods by truck, train, plane or ship. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The common motivation in logistics is the minimization of the use of resources for import and export. The …show more content…
Domestic Shipping Services: FedEx promises on reliable domestic delivery overnight for all domestic consignments for business as well as customers.
International shipping services: With increasing markets, FedEx provides services to customers worldwide whether it be import or export, express or less urgent, small packages or heavyweight.
FedEx Standard Overnight™: Another trademark feature introduced by FedEx enables intra-India door-to-door next business day express delivery service for commercial consignments.
FedEx Priority Overnight™: This feature introduced by FedEx is an intra-India door-to-door next business day express delivery service for all documents and non-commercial consignments.
Ancillary Services: FedEx offers a range of value added ancillary services such as:
• Hold At FedEx Location (HAL)
• Freight On Value (FOV)
• Collect On Delivery
UPS NEXT DAY AIR- Has the same delivery timing as the UPS 2-DAY after the next business shipment
Base on the product market fit, Courier Pak completely fit the company, from the environmental, company, cost and competitive standpoint. So we think that FedEx should devote special emphasize to Courier Pak.
A system that sends real time updates to customers to let them know a closer range of time as to when your package will make it to you, would make it so more customers would be home to sign for their package. This would not only save time on the person receiving the package but would also save time, money and gas for the drivers as there will not be as many redelivery tries for the following day.
department store to pick up a single item, you can receive just within 30 minutes of ordering it. It
Express mails are for individuals who need their item delivered overnight. It is guaranteed to arrive at the desired location on time and is less pricey through this mailing distributor. Priority mail is the method most people prefer. It will get a package or letter to its wanted whereabouts in three to four business days. Price wise this is less expensive in comparison to competitors offering the same service. In addition, they make a flat rate priority mailing option. Flat rate means, as long as, the contents fit into pre-sized boxes the cost is always one rate for that carton. If a person wishes to trace their parcel during transportation, they need one of two utilities. They are delivery and signature conformation. Both are used to track mail piece...
Website www.fedex.com FedEx (NYSE: FDX (http://www.nyse.com/about/listed/lcddata.html?ticker=FDX)), properly FedEx Corporation, is a company that offers overnight courier, ground, heavy freight, document copying and logistics services. FedEx is a portmanteau of the company's original name, Federal Express Contents [showhide] 1 History 2 Operating Units and its logos 3 Other facts of interest 4 Naming rights of sports stadiums and events 5 External links [edit] History The company was founded as Federal Express in 1971 by former U.S. Marine Frederick W. Smith in Memphis, Tennessee, and began operations in 1973.
Federal Express is the world’s largest package delivery company today. They have been successful mainly because of their technological advancements. Technology has allowed them to have superior customer service and quality that was unparalleled by any company. No company was able to offer overnight delivery of packages with the speed and precision that Federal Express did. Although Federal Express remains ahead of its competition today, their advantages over other firms in the industry are slowly diminishing.
...ng luxury, not many people want to wait two weeks to receive their product. When an item is ordered, it is needed immediately, and if it is received immediately then it not only improve the relationship to the customer. But it will also add value to the purchase which makes that customer that much more likely to buy the product again in the future, as opposed to your competitors. If you have customers in remote areas you do not have the luxury to send their shipment in a large batch of items, you must pay more to have that item shipped individually, which is costing more money.
FedEx provides shipping services through FedEx Express, Ground, Freight, Custom Critical, Trade Networks, and Supply Chain (FedEx, 2014). Tracking and package management services are available for all services through fedex.com (FedEx, 2014). FedEx also shares knowledge of shipping best practices on its website (FedEx, 2014). FedEx Office is another division of FedEx, where customers have an in-store option for taking care of their shipping, copying, and printing needs (FedEx, 2014). FedEx connects our global economy by linking 99 percent of the world’s GDP (FedEx, 2014). FedEx Express services every US address, as well as 220 other countries (FedEx, 2014). Some of the corporation’s new services include FedEx Delivery Manager and One Rate (FedEx, 2014). FedEx Delivery Manager is a service that is tailored to the needs of the recipient of a package (FedEx, 2014). FedEx One Rate is simply that, flat-rate shipping without the weighing and measuring (FedEx, 2014).
Zanjirani F., Rezapour, S. & Kardar, L. (2011) Logistics operations and management concepts and models, 1st ed. London ; Elsevier.
As a solution for these issues, ensuring the shipments meet the daily cut-off schedule. Customers are to be informed proactively if there are any flight delays so that customers can give further instructions or they can make other arrangements. For customs issues, customers are to be educated of the different countries customs requirements and to notify customs delay.
In the competitive environment, it is necessary for moving products involves reception of products at an intermediate location, store, repackage, clear customs and transport to final destination. The other factor in the supply chain logistics is speed given information flows fast in the internet era. The customer expects everything quick accustomed to the instant status access to the information. With the real time inventory, customer expects the location of the product, it is next scheduled movement and the final delivery schedule.
The deployment of wireless technology has taken by both of the Giant company, FedEx and UPS in order to keep the company competitive advantage. The Bluetooth short – range wireless specification, 802.11b wireless LANs, and general packet radio service (GPRS) are the wireless solution for both big companies. These lead to the operational efficiency, saving cost – the critical business requirement, and increasing customer satisfaction while also doing more with the same resources. The devotement of $100 million had been done by these two firms to wireless initiatives. The two companies are exploiting new wireless technologies in their differing attempts at aiding the two main components of their operations: pickup/delivery and packing/sorting. Both are also looking ahead for radio frequency identification (RFID) and GPS wireless technologies.
The company also localized its fulfilment platform in India by introducing Easy Ship and Seller Flex. With the former, Amazon couriers pick up packaged goods from a seller’s place of business and deliver them to consumers. With the latter, vendors designate a section of their own warehouses for products to be sold on Amazon.in, and Amazon coordinates the delivery logistics. This “neighbourhood” approach is convenient for sellers and has benefited Amazon by speeding up delivery of some
Logistics exists to satisfy customer requirements by facilitating relevant manufacturing and marketing operation. The main responsibility of logistic is the geographical positioning of raw materials, work in process and finished inventories at the lowest possible cost.