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Safety plan case study
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1. INTRODUCTION
As part of curriculum of the Graduate Degree at Chitkara University, Rajpura , students are required to do a project in any reputed organization. For this reason, I did my project research in Safe Express,Chandigarh. The project work was titled “Global scenario of logistics & supply chain” & to suggest ways & means to improve the management strategic decisions.
a. Introduction to Logistics Management
Logistics management is that part of the supply chain which plans, implements & controls the efficient, effective forward & reverse flow & storage of goods, services & information between the point of origin & the point of consumption in order to meet customers' requirements. A professional working in the field of logistics management
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This stereotype then faded as gigantic, state-of-the-art facilities began to sprout in more rural areas on the outskirts of transportation & population hubs. The World started beginning to see such facilities showing up in even less "traditional" areas. Modern warehouses now are being located in carefully manicured industrial parks that are sprouting as fast as the corn & wheat once did in these open spaces-often in out-of-the-way places. Why the emphasis on such locations for logistics …show more content…
Logistics involve the integration of information, transportation, inventory, warehousing, material-handling & packaging. In terms of value, global logistics industry has been estimated to be more than USD 235 billion & make up significant part of the GDP with regard to
Scott and Westbrook (1991) and New and Payne (1995) describe supply chain management as the chain linking each element of the manufacturing and supply process from raw materials through to the end user, encompassing several organizational boundaries.
Zanjirani F., Rezapour, S. & Kardar, L. (2011) Logistics operations and management concepts and models, 1st ed. London ; Elsevier.
Sustainability and Logistics are the factors that many firms try to achieve these days. With the integration of aforementioned factors, the firms can be able to achieve in cost reduction, environmental preservation, green logistics, and efficient environmental resource usage. Food industry is one of the industries that nowadays need sustainable logistics in order to save costs and preserve the surrounded circumstance.
Woolworths has distribution centres in different geographical places in Australia. Products manufactured from different suppliers driven into distribution centre in the specified state or province. According to the ordering data, these products are assembled and distributed from distribution centres and moved forward to the prescribed retail stores.
The furniture company Somerset needs to retain its customer service record and remedy any of its global supply chain issues before it has an adverse effect on the brand and start losing customers. With a frequent change in the product catalog, keeping an excessive inventory will cut its profit and some of the product may become obsolete even before the furniture hits the retail outlet stores. In order to achieve profit and success, business employee many strategies and the supply chain strategy are one of the operational management techniques that use analytical decision making process to achieve the company goals and provide tools to effectively compete in the market (Taylor and Russell, 2014).
Coyle, J., Langley, C., Gibson, B., Novack, R. and Bardi, E. (2008).Supply Chain Management: A Logistics Perspective. 8th ed. Cengage Learning, p.366.
Inventory management is a method through, which a business handles tangible resources and materials to ensure availability of resources for use. It is a collection of interdisciplinary processes including a full circle from the demand forecasting, supply chain management, inventory control and reverse logistics. Inventory management is the optimization of inventories of manufactured goods, work in progress, and raw materials. According to Doucette (2001) inventory management can be challenging at times; however, the need for effective inventory management is largely seeing more as a necessity than a mere trend when customer satisfaction and service have become a prime reason for a business to stand apart from its competition. For example, Wal-Mart’s inventory management is one of the biggest contributors to the success of the company;
The small distributing company with old and simplistic information systems will need to figure out how they are going to transition with a number or key employees retiring. Prior to the actual retirement date, the company should hire individuals that can collaborate with the soon-to-be retirees. This will help maintain vendor relationships and give the new employees a better understanding of how the company currently operates. Essentially, the distributing company needs to come up with a strategy that will help with more efficient logistics (as they are a distribution company), purchasing, inventory control, all while avoiding the bull-whip effect.
Lean manufacturing and just-in-time processing are great business strategies that can severely stress a supply chain. The supply chain and supply chain management is a critical operations management element for any major company to succeed and remain competitive in the global market. The supply chain is one of many pieces critical to maximizing value to the end customer and requires close management to minimize external impacts. If a company is relying on another company to supply the raw materials needed for their production line, then impacts to this other company could impact their supply chain. Careful risk management is needed to optimize performance. As a company expands into global markets and global suppliers, this risk and management challenge is multiplied. The global nature of the company could impact important activities such as transportation, funds transfers, suppliers, distributors, accounting and information sharing. Disruption to the supply chain can significantly reduce revenue, cut market share, inflate costs and threaten production. A major disruption would have obvious impacts to profit, but could have additional intangible impacts to the credibility of the company if products are not delivered on time.
Outbound logistics: They are made up of centralized logistic centers to promote efficiency, global network, reduced emission of CO2 by 22% to ensure ecological sustainability and lastly to improve customer service.
In logistic industry, they have been through lots of challenge in worldwide market. As the containerization of the global economy scopes, a phase of development and explanation, ports find themselves inserted in ever changing commercial environment where logistics is the forefront. Thus, this industry reaches a phase of maturity and rationalization due to the process of logistic on land.
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.
As an outcome of the thesis, my professional interest on the issue associated with the development of logistics sector has been enhanced. Furthermore, I am planning to keep an eye on the sector to enhance my knowledge which will benefit me and the organization I work for.
What is strategic management? In this study we will view what a manager’s role is and the development of strategic management has an affect on their companies performance. We will examine strategic management, what the benefits and problems are when utilizing strategic management, and how to implement strategic management in the company.
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