answersLogoWhite

0

What else can I help you with?

Continue Learning about Economics

What are the advantages disadvantages of Reverse Logistics Thanks all?

Advantages- Value can be extracted from used/returned goods by recycling, reusing, disassembling products. Often product returns have little to no damage.- Improves customer satisfaction and loyalty.- Reduces environmental impact by reusing and recycling return products.Disadvantages- Cost of running of a reverse logistics program can outweigh the cost saving from recycling/reusing.


What is the definition of flow of goods?

Logistics


What is the relationship between distribution and logistics?

Distribution and logistics are closely interconnected components of supply chain management. Distribution refers to the process of delivering products from manufacturers to end consumers, while logistics encompasses the planning, execution, and management of the flow of goods, services, and information throughout the supply chain. Effective logistics strategies are essential for optimizing distribution efficiency, ensuring timely delivery, and reducing costs. Thus, successful distribution relies heavily on robust logistics operations.


Why logistics variables and cost interact in a complex and indirect way?

Quick Response has become a core strategy to increase competitiveness and has been widely implemented in logistics. Previously, variables affecting logistics quick response have been widely studied from the perspectives of assessment on logistics performance or supply chain performance, primarily in the USA and EU contexts. This paper analyzes the key variables to assess logistics quick response capability in China. It analyzes empirical data collected from 50 experts and professionals in logistics field to identify a hierarchy of the variables. The results indicate that, in the Chinese context, internal variables have a higher impact on logistics quick response than external ones. Moreover, variable customer service was viewed as the most important one, followed by variables of time management and logistics cost. Therefore, the study results in a first layer assessment variables which is composed of the 7 internal variables.


Which one is wiser to study business management or economics if you want to be in a logistics or supply chain environment?

If you aspire to excel in a logistics or supply chain environment, studying business management would be wiser. Business management provides a well-rounded understanding of the principles and practices required to effectively run organizations, which is essential in managing the complex and dynamic operations of a global logistics network, such as Global Logistics Alliance. This knowledge equips you with the skills needed to oversee supply chain processes, optimize efficiency, and make strategic decisions that are vital in the world of logistics and supply chain management.