Understanding the four logistics concepts

Constant Monitoring It is vital to keep an eye on changing trends and requirements, within the company as well as in the market to ensure that the elements in marketing mix stays relevant and updated. To promote this, companies must institutionalize environmental technology and industry scans.

Understanding the Marketing Mix Concept – 4Ps

The process of identifying and cataloging activities for detailed understanding and documentation of their characteristics.

An activity analysis is accomplished by means of interviews, group sessions, questionnaires, observations, and reviews of physical records of work.

If you ship by rail, you may reduce your transportation costs, but your inventory carrying and packaging costs go up. Four core business processes comprise supply chain management. The best single quantitative measure of the frequency and intensity of the demands placed on an activity by cost objects or other activities.

Managing these four core processes requires companies to adopt a cross-functional team or matrix organizational structure. Cost objects consume activities and activities consume resources.

This includes several internal factors like management style, culture, human resources, facilities and several external factors like technology, globalization and competition.

Customer as a focal point A vital feature of the marketing mix is that the customer is the focal point of the activity. Certification by a recognized body of the facilities, capability, objectivity, competence, and integrity of an agency, service, operational group, or individual to provide the specific service or operation needed.

The supply chain, also known as the logistics network, consists of suppliers, manufacturing centers, warehouses, distribution centers and retail outlets, as well as raw materials, work-in-process inventory and finished products that flow between the facilities.

An enterprise authorized to transact business for, or in the name of, another enterprise. Role of Logistics Lets us now have a look at how logistics works. Used for focusing attention and may be subjective. Managers need to recognize the major players in the supply chain.

A motor carrier industry association composed of sub-conferences representing various motor carrier industry sectors. Primary responsibilities include overseeing and managing inventory by arranging for appropriate transportation and adequate storage for the inventory.

The National Railroad Passenger Corporation, a federally created corporation that operates most of the United States' intercity passenger rail service.2 Basic concepts Logistics The nature of logistics The concept of logistics in its modern form dates back to the second half to the 20th century (DEHLERp.

34; WEBER/KUMMERpp. ). Since then, it has developed into a widely recognized discipline of signifi.

Logistics 101: Back to Basics

Distribution and Supply Chain Management are key processes for military logistics in the future, however the Army and DoD has done little to educate officers in. Understanding supply chain management concepts in the context of port logistics: an explanatory framework Nico Herz Institute for Transport Planning and Logistics, Hamburg University of Technology, Hamburg, Germany Correspondence [email protected] In this paper a framework is developed, which aims to improve mutual understanding between shippers and port actors from a SCM point of view.

It thereby aims to contribute to the dialogue on how the port logistics system can be better integrated into shippers’ SCM strategies. Understanding these complex physical product flows, and most importantly the hand-offs between each step and node in the supply chain, is critical. When expanded across multiple sourcing relationships, third parties and The 10 Keys to Global Logistics Excellence.

Understanding Logistics. Understand the business models of UPS and Coyote Logistics. Learn about the top four ways in which UPS will benefit from the acquisition of.

Logistics 101: Back to Basics Download
Understanding the four logistics concepts
Rated 4/5 based on 20 review