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Economic impacts of logistics
Importanceof logistics management
Importanceof logistics management
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Transportation is one of the largest industries in the world. It is the most costly and time consuming of the supply chain. Transportation refers to the movement of products and raw materials from one destination to another. This process begins from the supply chain to the shipping of the finished product to the consumer. For we know that products are rarely produced in the same location. We as people depend on transportation because it moves goods and people from one place to another. Transportation is a key element in the logistic chain. It joins together those components that are considered to be separated. In order for transportation and logistics to work together successfully there must be good management between them. It plays a major role in connecting it all together. What is logistics? Logistics is the management of freights, warehousing of materials, production and inventory. Logistics and the supply chain work hand in hand. Supply chain management is defined as” a continuously evolving management philosophy that seeks to unify the collective productive competencies and resources of the business functions found both within the enterprise and outside in the firm’s allied business partners located along intersecting supply channels into highly competitive, customer-enriching supply system focused on developing innovative solutions and synchronizing the flow of marketplace products, services, and information to create unique, individualized sources of customer value”( Tseng, 2005). According to the textbook, the goal of logistics is to support procurement, manufacturing, and customer accommodation supply chain operational requirements. Logistics is the leadership responsibility to design and administer systems to control ... ... middle of paper ... ...n-412685.html Merriam-Webster Dictionary (2014). Merriam-Webster online dictionary. Retrieved from Merriam Webster Dictionary website: http//:www.merriam-webster.com Pakerh, Y (2013). Logistics management 100 assignments. Retrieved from: http://www.slideshare.net/NAWAB9562/logisics-management-100-marks- assignments Pieplow, T., Calhoun, S., &Daniel, D. (2012). Introduction to logistics and supply chain management. Athens, AL: Athens University Testi, M (2014). The role of transportation in the supply chain management. Retrieved from website: www.eyefreight.com/blog Tseng Y. (2005). The role of transportation in logistics chain. Retrieved from website: http:// Tailieu.vn./doc/the-role-of-transportation-in-logistics-chain-412685.html White, T. (2013). What is Transportation and Logistics? Retrieved from EHow website: http:// www.ehow.com
Transportation is very important in New York. First, it gets people where they want to go. Like to go visit relatives or go see a movie. It carries goods from place to place. Like to restock a store or if you were
Transport represents one of the most important human activities worldwide. It is an indispensable component of the economy and plays a major role in spatial relations between locations. Transport creates valuable links between regions and economic activities, between people and the rest of the world. Transport is a multi-dimensional activity whose importance is historical, social, environmental, political, and economical. (Rodrigueetal, 2006).
Everyone drives in cars and busses, flies in planes or helicopters, some people even take boats or ferries. But what started these? They didn’t just fall from the sky or appear from nowhere. Something had to be done to create these vehicles, so what was it? How could we begin from a simple floating log to a massive metal flying tube? The improvements of transportation from ancient through medieval to modern times is arguably the most useful of all advancements in human technology. Other aspects of human technology are inferior to the trail blazed by their forefathers.
Zanjirani F., Rezapour, S. & Kardar, L. (2011) Logistics operations and management concepts and models, 1st ed. London ; Elsevier.
As an Industrial Engineer with more than 15 years of work experience, I choose Supply Chain Management (SCM) because I believe that logistics is the most dynamic, vibrant, challenging, technology driven area, and the future of any big national and international companies. It will give me the opportunity to know behind the scene of improving the companies’ performance by using SCM tools. If I work in this field, I can get my answers and a chance to work in the market of raw material, purchasing, production, distribution, logistics, and final goods. After finishing two semesters in the College of Business at University of Houston Downtown (UHD), I am really passionate about it and want to gain my knowledge in the logistics sector, learn new techniques and skills, and seek new opportunities.
The transport sector plays a pivotal role in enhancing the global competitiveness of an economy and as well as in contributing to the efficient functioning of the supply chain, domestically. Efficient transport and telecommunication network reduces production and transaction cost in poor regions which serves as stimulus for domestic commerce. There is a positive correlation between global trade competitiveness and an efficient transport sector. Growing economic interdependence through an increasing volume and variety of cross-border transactions has resulted in increasing the importance of the transport sector. The Transport sector has the ability to potentially raise the economic growth of developing regions and lead to a shift of production
Economic development and transportation are related with each other. Economic development increases transportation demand if there is an increase in the number of workers commuting to and from work, customers traveling to and from service areas. If Public transportation system in the economy is well developed, the price of public transportation is affordable to the population of the country. This will result in further economic development to in economy.
Methods of transportation have always occupied a certain niche in society. Beyond their obvious practical use, transports from horses to speed boats to sports cars embody the romance and intrigue of travel. However, beyond the obvious effect low fuel-efficiency standards have had on pollution in the United States and elsewhere, the environmental impacts of transportation are rarely taken into account. Advances in transportation have had two main effects on the environment. Technological advances in transportation are some of the direct reasons behind particulate emissions, global warming and other pollution problems of the industrial age. In addition, transportation has neutralized barriers to diffusion across the world, ensuring the spread of innovation, technology and disease around the world.
Coyle, J., Langley, C., Gibson, B., Novack, R. and Bardi, E. (2008).Supply Chain Management: A Logistics Perspective. 8th ed. Cengage Learning, p.366.
Transportation is movement of people and goods from one location to another. Throughout history, the economic wealth and military power of a people or a nation have been closely tied to efficient methods of transportation. Transportation provides access to natural resources and promotes trade, allowing a nation to accumulate wealth and power. Transportation also allows the movement of soldiers, equipment, and supplies so that a nation can wage war.
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
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.
Logistics and Supply Chain Management is the practice of transportation of goods and services from one level to another using efficient methods. The costs of operation, the speed of delivery, movement of loads and the quality of goods and services is boosted by advancing the management structure of the supply chain. The findings in this paper give, in detail, the current market status in relation to Supply Chain Management and it also gives a concise description of the term ‘Risk Management’ and its advantages and its disadvantages. The research also imparts information obtained from an interview with two renowned veterans in the field. This report contains very important information and it mainly aims at understanding fully the concept of
This paper aims at providing more information concerning the different modes of transport, their characteristics and also the comparison of these modes with one another in an effort to establish the best mode of transport for specific commodities. The paper also takes into consideration the various factors affecting the transport sector; such as cost of transportation, flexibility, time factor and reliability. Transport refers to the process that enables physical movement of goods and people from on area to another. Transport is very important in the sense that it ensures availability of raw materials to manufactures, producers and also to construction sites (Clifford Winston,?2010). It makes sure that goods are available
Micheal A P Taylor, Y.-y. T. W. L. Y., 2005. The Role Of Transportation in Logistics Chain. [Online]