Got a tricky question? Receive an answer from students like you! Try us!

Transport and Logistics - Case Study Example

Only on StudentShare
Masters
Case Study
Business
Pages 12 (3012 words)

Summary

Ans. Logistics is one of the oldest and also the newest activities of business management. It involves combining diverse functions and services providers who may be culturally or objectively different. Logistics is about moving materials, information and funds from one business to another or from a business to the consumer…

Extract of sample
Transport and Logistics


Basically the Greeks defined logistics as "the science of Correct reasoning by means of mathematics". The first modern use of the term was in military to identify the process of planning and coordinating the movement of army and weapon support systems. Good logistics brings out the ability to move faster and accurately to the battlefront. If one applies to the same to the business organization, it is one's ability to reach the product to the consumer at the right time, right place, and right quantity and at lowest cost.
With the increasing competition in the market place, managements starts focusing on customer services in the early 1950's in the developed markets such as Europe and the U.S. In the late 1960's some of the logistics concepts were tested. Following oil crises is 1976 and the concepts of Just-in-time (JIT) in manufacturing. Customer servicing standards were given more importance and new integrated logistics models and solutions were born. The emergence of organized distribution system by departmental stores and super fast courier services, organizations gave a boost to logistics concepts and strategies. Today all businesses are looking for seamless transaction systems to coordinate their information and material requirements along with the value chain.
Michel Porter in his famous book "Competitive advantage" has spoken of the value chain approac ...
Download paper
Not exactly what you need?

Related Essays

Managing business logistics and supply chain
Distribution…………………………………………………………………….12 2.2. Transport and Logistics: Separate Functions………………………………….13 2.3. Logistics & Supply Chain Renaissance……………………………………….13 2.4. More Integrated Logistics & Supply Chain Concept………………………….13 2.5. Total Cost Concept in Logistics and Supply Chain…………………………….13 2.6. “Profound Knowledge” and “Cradle to Grave” Concept in L&SV………….…14 2.7. Reverse…
13 pages (3263 words)
Logistics and Operations: Warehouse Management Systems, Transport Management Systems and Global Positioning System
The rationale of this report is to analyze the major effective ICTs that support the logistic management components. The ICTs entail the Warehouse Management System (WMS), Transport Management Systems, and GIS. Warehouse Management Systems Many organizations are not successful because they pay little attention to management of warehouses. Effective warehouse management based on the increased customer services and larger proportions of stock keeping units is crucial. The effective management of the warehouses in organizations is achievable by the introduction of technologies like the Warehouse…
10 pages (2510 words)
Shipping Logistics in the UK
Data for the research will be gathered from both primary and secondary data where all participants will be selected randomly to reduce biasness in the research. Questionnaires will be used to help in data collection where telephone interviews will be used to help reduce cost of travelling. After data has been collected it will be analyzed using computer programs such as Ms. Excel and SPSS and presented using tables and graphs. Confidentiality will be observed as a strategy for enforcing ethics sin research. Background of the Research The term shipping has changed from what it was associated…
6 pages (1506 words)
Logistics Management in Ocean Shipping
The issues like climate change dominate the future and result in headlong rush of western economies to offshore manufacturing to lower cost countries in the east. Further financial cost of delivering goods across the world has always been a fundamental element of trading and decisions of logistician is largely influenced by high environmental costs (www.pmcontent.com)1. Magee et al (1985:1) mentioned that high quality and high efficiencies have become the characteristics of the production and physical distribution operations of many foreign competitors concerned the companies in United States…
13 pages (3263 words)
Dependence of Suppliers on Multimodal Transport
As the supply chain lengthens and transport distance increases ICs must find more cost effective methods of shipment. In this competitive market, customers expect fast delivery and quality product and services at the lowest price possible. "Trade and transport are inextricably linked: efficient transport services are a prerequisite to successful trading" ("Multimodal "UN 2006, screen 1). To compete, ICs are turning to MTO operators to handle the complexity of logistics required to accomplish timely delivery of the finished product, a marketable product with an economic value to the customer…
14 pages (3514 words)