Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Business Studies
Reflection on Logistics Module
Logistics is a critical consideration in strategy development; creating and marketing the greatest products, and stimulating a high demand with an effective strategy will provide a firm with little value unless there is the ability to satisfy the demand created. The satisfaction of that demand requires a suitable logistics strategy, with the firms' ability to manage the inflow of inputs required to create products and then manage the outward flow so that the customers will be able to access the finished goods. The study of logistics has highlighted the degree to which this is often overlooked as a key competition of strategy formulation, with the logistics processes taken for granted.
Logistics is an interdependent competent of general strategy creation, a little research on the topic shows that it has the potential to play an important supporting role in major strategies; the Toyota method of production which is very lean and efficient, requires the use of just in time inventory management, which helps to reduce costs (Fiestras-Janeiro, Garcia-Jurado,...
Without strategy logistics processes Toyota would not be able to use just in time inventory management (Fiestras-Janeiro et al., 2011).
In modern logistics strategy there have been three specific trends being seen in recent years; these trends are centralization, outsourcing and the use of the internet (Wheelen & Hunger, 2008). The topic of outsourcing is one that is familiar and this familiarity increase comfort level when applying the existing concepts associated with outsourcing to logistics management. The basic concepts of outsourcing, where another party provides the resources needed for task to be completed, selling their services to the firm, has the potential to reduce costs as specialist firms providing the outsource services may gain the advances associated with economies of scope and scale, which may also improve quality of the tasks undertaken due to specializing of the outsource supplier, as seen with the case of HP, where it only took 140 staff to take on the jobs that had occupied 250 HP staff (Wheelen & Hunger, 2008). One may also argue…
References
Fiestras-Janeiro, M.G; Garcia-Jurado, I; Meca, A; Mosquera, M.A. (2011), Cooperative game theory and inventory management, European Journal of Operational Research, 210(3), 459-466
Wheelen, Thomas L; Hunger, David L, (2008), Strategic Management and Business Policy: Concepts and Cases, Pearson
Mapping logistics technologies to the service strategies and objectives of the university will accelerate our organization to its e-commerce objectives while increasing customer satisfaction (Wells, Phaal, Farrukh, Probert, 2004). Technologies aligned to services objectives can deliver an exceptional increase in e-commerce user experience and customer satisfaction. This ability to streamline the potential student experience online can be augmented and accelerated using logistics systems and providers in the back-office systems
These technologies will need to be integrated into collaborative supply chain processes that will need to be put into place first however. The use of RFID as a tracking technology will also help to alleviate out-of-stocks as perishable products that have a relatively high level of orders will trigger re-orders in real-time, alleviating the need to re-order manually. RFID will also make it possible to create more effective audit
Logistics & SCM LOGISTICS AND SUPPLY CHAIN Management Euro Cast is currently experiencing the effects of a global supply chain trend that has vast implications for its industry. The trend is that more and more clients are expecting their downstream supply chain to absorb a greater amount of their internal business functions so that they can apply a lean approach to their own internal operations. This trend seems to be working its
Logistics on Amazon's Organizational Structure Examine the impact of logistics on an Amazon and how logistics fits into the organizational structure Amazon is one of the multinational corporations with coveted and successful operations on the global market. The Amazon is a lucrative and performing online retailer handling diverse consumer products. The influence and activities done within Amazon are considered to be of global trend in their make and functionalism making it
E if he considers some to be more important tthan others). If the reverse is the case, it can confuse him. 3. The Stepwise method Here is where John can use the forward selection, the backwards elimination, or a combination of both. In the forward selection, John tries out the variables one by one (starting with none at all) and including those that are statistically significant. In the backward elimination, the reverse occurs;
Logistics in the Corporate Environment Logistics provides for a company a flow of goods and services from its beginning point to the point the consumer obtains the product. Without the use of logistics, a company may not be able to identify how their product moves, where their product is in their supply chain, or be able to measure the success of their logistic effectiveness (Princeton.edu, 2011). The way in which a