CHAPTER 3 Strategic and Financial Logistics © Portions Argee Logistics and Pearson Education‚ Inc. publishing as Prentice Hall Learning Objectives • To appreciate how logistics can influence an organization’s strategic financial outcomes • To review basic financial terminology © Pearson Education‚ Inc. publishing as Prentice Hall 3-2 Learning Objectives • To understand how the Strategic Profit Model can demonstrate the financial impact of logistics activities • To become aware of
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QUESTIONS: How does Elizabeth currently organize her logistics? What do you think are her aims and priorities? Logistics is the function responsible for all aspects of the movement and storage of materials on their journey from suppliers to final customers. In the Hessingen Herb Farm‚ Elizabeth Kole personally manages the logistics matters. She personally monitors the movement and storage of her products from the raw materials to the customers. Logistics would have played a great part in the expansion
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– chain and logistics industry includes companies that move raw materials‚ finished goods‚ packages‚ and documents across the globe. It is one of the main phases in value chain concept in international business. The massive increase in the international trade has increased has increased the complexity of company supply chains. MNEs and other internationalizing firms require speed and efficiency in moving goods via supply chains around the world. To fulfil this need‚ competent logistic service providers
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ZARA’ AMAZING logistics Introduction Zara is the world’s largest apparel retailer. Its rapid growth is considered to be benefit from its strategy that can be highly responsive to changing trends with affordable price. It is claimed that design-to-sales cycle times is ten times less than traditionally averaged. At the following text‚ there is some report and analysis about Zara’s advantage in competition‚ why it choose to have both in-house and outsourced production‚ why produce the clothes
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Improving Logistics at McDonald’s Logistics is the integration of the activities that procure materials‚ transform them into intermediate goods and final products through manufacturing and assembly‚ and deliver them to customers. Comprising all movement of materials from incoming shipments‚ inventory‚ production and the final delivery to consumers‚ logistics managers are responsible for the right goods being where they need to be at the right time. For a firm as large as McDonald’s logistics is an
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CALCULATING NATIONAL LOGISTICS COSTS Logistics costs are an important factor affecting the competitiveness of both firms and nations. Firms can enhance their market competitiveness by reducing their logistics costs‚ thus lowering the total costs of goods and services. Greater market competitiveness of a nation’s firms can then give rise to greater national industrial competitiveness on a global scale. Total logistics cost analysis is the key to managing the logistics function. It is important
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Policy Summary: ebay’s logistics system has problems Ebay’s delivery really has problems‚ and some time the products are delivered slowly‚ because ebay does not have their own logistics system as Wal-mart. They must rely on ups or some other delivery company to send the products. Questions: 1 Dose ebay’s current logistics system has effect on the daily business? 2 what is the difference between ebay’s logistics and wal-mart’s logistics? 3 How to improve the whole logistics system? Do you have the
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Introducing logistics 1.1 Definition of logistics According to a widespread definition‚ logistics (from the Greek term l´ gos‚ which o means ‘order’‚ or from the French loger‚ which means ‘allocate’) is the discipline that studies the functional activities determining the flow of materials (and of the relative information) in a company‚ from their origin at the suppliers up to delivery of the finished products to the customers and to the post-sales service. The origins of logistics are of a
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the Supply Chain and Logistics Industry in the United Arab Emirates during the last five years. The tools and techniques used for this analysis shall be PESTEL and PORTER’S 5 forces. Further this report shall discuss about the Industry type based on the competition existing in the market and its current phase in the Industry cycle. This report shall be considering the Industrial study conducted by major players in the Supply Chain and Logistics Industry in UAE and Logistics Reports issued by various
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Logistics: principles and practice Ch. 1‚2‚3‚4‚5‚6‚8 by ZD95 The Marketplace to Buy and Sell your Study Material Buy and sell all your summaries‚ notes‚ theses‚ essays‚ papers‚ cases‚ manuals‚ researches‚ and many more.. www.stuvia.com Stuvia.com - The Marketplace to Buy and Sell your Study Material Logistics: Principles and practice 1. Logistics subsystems 1.1 Introduction to logistics Organizations often face problems caused either by: -Suppliers: -Delivering goods late
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