¶ … Code:
Weighting:
The report is meant to analyze the importance of logistics in nowadays business. As logistics cost rises every business aims to improve its supply chain management as this will not only ensure that it is cost effective but will also help the organization in creating a competitive advantage. The logistics is the flow of goods and information from the supplier of the raw material to the tail- end customer. Trento a women shoe manufacturing company is facing problems in its logistics such as order processing, procurement and transportation and distribution system. The lacks of a computerized process along with low levels of staff deployed in logistics team are factor contributing to the organizations inefficiencies.
Trento can resolve these issues by taking various steps such as the use of Electronic Data interchange whereby a data base is created to link the suppliers and customers and aid in inventory management. The organization can also improve its supply chain by moving from its pull system to a combination of push and pull system. Warehouse management can be improved by incorporating various mathematical formulas to determine the optimum level of inventory. Elle sports could further this cause by providing information of different processes and helping Trento in the process of bench marking.
At the end of this report, it can be concluded based on various data and facts that Trento must improve the logistics problems it is facing else risk losing its major customers. Logistics is an important function of any business and the right techniques can help Trento in getting back its market share and thus once again gaining a competitive advantage.
Recommendation for Trento includes incorporating various supply chain management theories such as JIT and TQM along with greater collaboration with the customers to satisfy their demands. An ongoing improvement process needs to be initiated such that information on external and internal processes is collected on a regular basis and reports are provided to the management so that timely steps can be taken to counteract problems that may arise within the logistics system.
Table of Contents pg
Title Page (i)
Executive Summary (ii)
Table of Contents (iii, iv)
List of Tables and Figures (iv)
1.0 Introduction
1.1 Background 1
1 .2 Aim 2
1.3 Scope 3
2.0 Trento and problems within logistics system
2.1 Supply chain 4
2.2 Order processing and procurement 4
2.3 Inventory and warehouse management 5
2.4 Transportation Policies / distribution strategies 6
3.0 Solutions to logistics problems
3.1 Supply chain Management: Manufacturing flow management process 7
3.2 Improvements in Procurement and order processing through EDI 7
3.3 Warehouse management 8
3.4 Outsourcing- the last possible option 8
4.0 Elle sports and Trento
4.1 Current situation and Elle sports response 8
4.2 Elle sports Initiatives 9
5.0 Conclusion 10
Recommendations 10
References
List of figures
1.1 A supply chain 1
1.2 Distribution strategies (a) direct shipment (b) warehousing 6
1.3 Cost ratio of logistics item 7
1.0 Introduction
1.1 Background
Existing economic conditions and fierce competition is forcing Trento to seek new ways to reduce cost and enhance profitability and cash flow. The business is feeling increasing pressure to improve various logistics involved in the supply chain. Trento needs to alter the way the organization is executing its business process and to integrate these processes within and beyond the enterprise.
The basic problem that many firms nowadays face is the inability to integrate the logistics in the supply chain management. It is necessary to establish an understanding of the importance of logistics throughout the organization. Logistics deals with planning and control of material flows and related information in organization. The basic aim of the logistics function is to get the right material to the right place at the right time, while optimizing a given performance measure (e.g. minimizing total operating costs) and satisfying a given set of constraints (e.g. A budget constraint). The key to successfully managing logistics lies in deciding how and when raw materials, semi-finished and finished goods should be acquired, moved and stored.
Illustrated below is a supply chain diagram that indicates how goods are moved from one end of the supply chain to another.
It can be seen that the supply chain is a complex system whereby the goods are initially manufactured by the supplier such as in our case Trento and then passed on to central distribution centers (CDC) and then onwards to regional distribution centers (RDC) and then finally to retail outlets such as...
5% of total liabilities. Their retained earnings, on the other hand, total $5.073 billion. The heavy use of retained earnings is partially explained by their view of themselves as a growth company. While they pay a dividend, Nike prefers to re-invest much of its profits back into expansion. They do not feel that the market has matured sufficiently to stop their aggressive growth strategy. Another consideration in their capital structure
International expansion is one of the growth strategies that are embraced by companies in order to improve their bottom-line/profitability. In this paper, we present an elaborate international marketing strategy for Red Bull energy drink. The marketing plan begins with an introduction into the concept of international expansion and marketing and a brief overview of the company. A review of the main conclusions and recommendations is then presented. This is then
OHS Act and Regulations that are applicable to the hospitality industry The legal instruments Regulations Approved codes of practice Legal responsibility of employers to worker Consequences of non-compliance by the employer The hospitality industry has a responsibility of establishing safe as well as healthy environments for both the workers and patrons. This category includes food and beverage restaurants, clubs, hotels, commercial kitchens, accommodation as well as tourist enterprises. It is the shared responsibility of the
Environmental engineering is basically the performance of using science with the purpose of caring for the environment. Environmental Engineers assist recycling processes by devising and implementing theories that are a result of systematic assessment. Society constantly consumes resources and produces waste, with little consideration in regard to the effects these actions have on the environment. This is where environmental engineers interfere and generate techniques by means of which particular waste
Bangladesh Decisions about foreign direct investment can be complex, and require an incredible amount of information in order to evaluate the different options that a company needs to consider. The best methods of evaluation will apply a consistent set of criteria across a number of different variables and use these for all of the different countries. The company will also want to understand which key variables are the most important. How
Computer system engineers also have the role of identifying risks within the manufacturing industry in which case they serve as proactive troubleshooters, finding out possible problems and making plans on how to solve evade them. Problems are commonly experienced at interfaces, especially internal, thus to carry out this role the computer systems engineers need to closely scrutinize subsystem-to-subsystem interfaces. While these engineers are trying so hard to design subsystems that
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now