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The cost trade off
The total cost concept
The total system concept
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∙ 10y ago
ANZILA SHERIN Anju
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What are the three important concepts relevant to the logistics management by an organization?
An organization's logistics management involves efficiently regulating the flow of goods and services all the way from their point of origin to the final recipient of the good or service - the consumer. In order to accomplish this effectively, an organization must integrate, in the most efficient manner it possibly can, its three most important elements: time, resources and people.
What is logistic management?
Logistics management is the planning and scheduling of transport operations through proper fleet management, with effective inventory control system that manages the flow of raw materials through the finishing process and responsible for customers satisfaction bearing in mind time of delivery and cost containment. It also entails fuel management and materials handling. Moreover, communication is an aspect which is basically determined information from different parties. To avoid reverse Logistics, effective communication should exist between the end user's and manufacturers considering the quality of the product at the point of delivery. It also entails validating vehicles particulars and accessories to avoid delays and additional cost from Governmental agencies. In Logistics management, there is need for Development and Support Strategy (DSS) team. In case of any extraneous variable, this support team will be able to fill up the gap. Basically Logistics Management comprises three components: Packaging, Warehousing and Transportation. Fleet management is particularly important and often involves the use of vehicle tracking systems (vehicle tracking devices combined with software, which allows companies to track their fleet of vehicles either in real time or historically).
What are the three stages of performance management?
The three stages of performance management are: Reviewing, planning and managing.
What are the three fundamental development phases of management theories in the study of public management?
The three fundamental development phases of management theories in the study of public management include idea development, manufacturing, and distribution of product.
What is the difference between supply chain, operations, and logistics?
All three topics are interrelated but distinct as well. Logistics and operations fall under the umbrella of supply chain management. Operations are related to the whole set of activities involved in creating value for the goods or services offered by the given business. Total Freight International - TFI provides the best platform to serve the dynamic business environment with its giant supply chain network that enables the timely delivery of the product or service at a minimal cost.
What are the three important concepts relevant to the logistics management by an organization?
An organization's logistics management involves efficiently regulating the flow of goods and services all the way from their point of origin to the final recipient of the good or service - the consumer. In order to accomplish this effectively, an organization must integrate, in the most efficient manner it possibly can, its three most important elements: time, resources and people.
How important were Logistics to D-Day?
Logistics supplies three major thing to the fighting forces, bullets, beans, and band-aids. Don't you think that those would be inportant?
March and Simon developed three important concepts in their administrative model of decision making. What are the 3 concepts?
Rational, Bounded Rationality, and Intuition
What are three concepts of sociocultural theory?
what three concepts are fundamental to vygotsky's sociocultural theory.
What is logistic management?
Logistics management is the planning and scheduling of transport operations through proper fleet management, with effective inventory control system that manages the flow of raw materials through the finishing process and responsible for customers satisfaction bearing in mind time of delivery and cost containment. It also entails fuel management and materials handling. Moreover, communication is an aspect which is basically determined information from different parties. To avoid reverse Logistics, effective communication should exist between the end user's and manufacturers considering the quality of the product at the point of delivery. It also entails validating vehicles particulars and accessories to avoid delays and additional cost from Governmental agencies. In Logistics management, there is need for Development and Support Strategy (DSS) team. In case of any extraneous variable, this support team will be able to fill up the gap. Basically Logistics Management comprises three components: Packaging, Warehousing and Transportation. Fleet management is particularly important and often involves the use of vehicle tracking systems (vehicle tracking devices combined with software, which allows companies to track their fleet of vehicles either in real time or historically).
What are the most important principles in management give at least three?
Communication, Consistency and Focus.
What three concepts are the basis for object-oriented programming?
Classes, objects and methods are the three concepts for OOP programming.
List three important principles for priority management at work?
ICE (Investment,Credibility,Exposure)
Why is it important to have an integrated approach to logistics?
Logistics refers to the system of flow of material across the complete supply chain of an organization. The efficiency and effectiveness of the logistics effects many aspects of business including cost, lead time, customer service levels, product availability and inventories. The logistics function includes three distinct areas, incoming logistics, in plant logistics, and out bound logistics. The distribution network comprises the network of organizations and facilities responsible for the out bound logistics. Thus structuring of distribution is a very important part of improving the integrated logistics performance, and the integrated logistics performance is a major contributor of the total business performance.Today, more and more companies are adopting the concept of integrated logistics management.This concept recognizes that providing better customer service and trimming distribution costsrequires teamwork, both inside the company and among all the marketing channel organizations. Inside, the company's various functional departments must work closely together to maximize the company's own logistics performance. Outside, the company must integrate its logistics system with those of its suppliers and customers to maximize the performance of the entire distribution system. In most companies, responsibility for various logistics activities is assigned to many different functional units-marketing, sales, finance, manufacturing, purchasing. Too often, each function tries to optimize its own logistics performance without regard for the activities of the other functions. However, transportation, inventory, warehousing, and order-processing activities interact, often in an inverse way. For example, lower inventory levels reduce inventory-carrying costs. But they may also reduce customer service and increase costs from stock outs, back orders,special production runs, and costly fast-freight shipments. Because distribution activities involve strong trade-offs, decisions by different functions must be coordinated to achieve superior overall logistics performance. The goal of integrated logistics management is to harmonize all of the company's distribution decisions. Close working relationships among functions can be achieved in several ways. Some companies have created permanent logistics committees made up of managers responsible for different physical distribution activities. Companies can also create management positions that link the logistics activities of functional areas. Many companies have a vice president of logistics with cross-functional authority. The important thing is that the company coordinate its logistics and marketing activities to create high market satisfaction at a reasonable cost.
Martin Luther King Jr's I Have A Dream speech from the March on Washington in 1963 incorporates concepts from which three important American documents?
one of them is the declaration of independence
What is meant by Strategic Supply Chain Management?
Supply chain management comprises of three levels 1. tactical 2. strategic 3. operational. 1. Strategical supply chain management decisions includes product development, customers, manufacturing, vendors, and logistics. The strategic supply chain management tries to expand the supply chain processes. 2. tactical supply chain management includes decisions in manufacturing, logistics, suppliers and product development. 3. operational supply chain management includes the day to day operational supply chain decisions ensure that the products efficiently move along the supply chain, achieving the maximum cost benefit.
What are the three stages of performance management?
The three stages of performance management are: Reviewing, planning and managing.
