Logistics and Supply Chain Management - Essay Example

Only on StudentShare

Extract of sample
Logistics and Supply Chain Management

A proper integration of functional and cross functional activities on the basis of product flow is also required to further the supply chain efficiency. The answers to the following questions elaborate on these aspects of supply chain management.
In the present day business environment firms can enhance their competitive strength by efficiently managing their supply chain. The typical supply chain in any manufacturing firm consists of various firms and agencies taking part in the purchasing, production and distribution functions of the firm. The objective of an effective supply chain management is to ensure that the costs involved in procuring the materials and components, cost of carrying the inventory of various materials and the cost of distributing the products to the end customers are reduced to the maximum extent possible so that the profitability of the company can be improved. In the process of improving the efficiency of the production process techniques like 'just-in-time' manufacturing system helps the firms to achieve the objective of cost reduction and minimization of production time. It is also important that there is an effective information flow between various supply chain partners. ...Show more

Summary

In the present day competitive business environment firms are more and more compelled to reorient their business strategies by shifting their focus from traditional cost-based strategies more towards time-based strategies. When the customers are confronted with the choice of competing products having same quality and price levels the decision normally goes in favor of products that are delivered fast…
Author : rsanford
Save Your Time for More Important Things
Let us write a custom essay on your topic
"Logistics and Supply Chain Management"
with a personal 20% discount.
Find out more

Related Essays

Logistics and Supply Chain Management Essay
The word 'crisis' reveals the manner in which one competitor, say X takes advantage of the vulnerable situation of the other firm Y. Of course Y gets threatened because of the deadly mistakes the CEO has made in the name of strategies. Thus, CEOs do this by utilising the capabilities of LM as a weapon that when counteracts with their competitors, provides them with a win-win situation.
7 pages (1750 words) Essay
International Logistics
Today, logistics talks of organisations cooperating through economic networks for mutual benefits. In other words, individualism has given way to collectiveness. What brought about this transformation Consumers; that's right! Consumers today seek greater product variety at high quality and reliability.
2 pages (500 words) Essay
Management Process
These qualities have been elaborated below: Flexibility is the ability to be open to change and new ideas: ideas of strategic acquisitions and mergers. It is the ability to be a part of the Associated British Foods empire and yet retain a brand image synonymous with high fashion.
3 pages (750 words) Case Study
Supply Chain Management.
The final aim of a good supply chain management system is to reduce the required inventory. Nowadays, a lot of organisations tend to implement complex software systems in order to ensure that they achieve successful supply chain management. Supply chain management provides organizations with an opportunity to improve efficiency and reduce operational cost.
6 pages (1500 words) Essay
Logistics and Supply Chain Management
Logistics is simply the science of getting the required materials, goods or equipment to the right people at the right time and the development of this field owes a lot to the military history of civilisation which extends all the way back
16 pages (4000 words) Essay
Logistics and Supply Chain Management
Time compression will also be investigated as it constitutes a significant approach in minimizing or eliminating time-consuming activities and wasted time associated with business process. To this extend, information technology appears to be a
12 pages (3000 words) Essay
Logistics and Supply Chain Management
The second part of the paper studies the various suppliers that Zara has and measures their Key Performance Indicators. The last two parts of the paper focus more on Zara’s downstream
10 pages (2500 words) Essay
1)Life Transitions and Sibling Ties & 2) Sibling Ties in Middle and Later Life
Siblings, unlike other familial relationships such as parent-child is not confound within the bonds of obligation, rather it is more “mechanical” since they are “generational partners” (Bedford & Avioli, 2001), where reciprocity and closeness are distinct
2 pages (500 words) Essay
Human Resource
However, there is the main branch of the organization which houses the entire management team. The organization was initialized after the realization that there was not much competition in the coffee retailing industry
5 pages (1250 words) Assignment
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT