To meet customers expectation the organization needs to improve cost delivery and quality.
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Abstract There has been consensus that logistics as well as supply chain management is a vital research field, yet with few literature reviews on this topic. This paper sets out to propose some hot issues in the current research, through a review of related literature from the perspective of operations management.
In addition, we generate some insights and future research directions in this field. Introduction Organizations adopt numerous business improvement methodologies to improve business performance. Logistics as well as supply chain management has been regarded to be the crucial factor for the companies to obtain competitive edge.
In fact, logistics as well as supply chain management has received attention since the early s, yet conceptually the management of supply chains is not particularly well understood, and many authors have highlighted the necessity of clear definitional constructs and conceptual frameworks on supply chain management.
In this paper, we provide a tutorial on the current research of operations management of logistics and supply chain. We first clarify the conception of logistics and supply chain management in this paper, which defines the scope of our related research papers.
The core of this paper is that we provide several hot issues in this field with examples to show how these researches contribute from different research angles. Finally, we conclude the paper with the insights obtained from our analysis and future study directions in this field.
The paper is organized as follows. In the next section, we specify the definitions of the terms of logistics and supply chain used in our paper, with a comparison between these two popular conceptions.
In Section 3which is the core section of this paper, we provide several hot topics in current research with detailed examples. In Section 4we provide insights and further research directions.
Conception and Scope 2. Logistics Logistics is the management of the flow of goods between the point of origin and the point of consumption in order to meet some requirements, for example, of customers or corporations.
The resources managed in logistics can include physical items, such as food, materials, animals, equipment, and liquids, as well as abstract items, such as time, information, particles, and energy.
The logistics of physical items usually involves the integration of information flow, material handling, production, packaging, inventory, transportation, warehousing, and often security. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software.
The minimization of the use of resources is a common motivation in logistics for import and export. Note that the above definition of logistics is not unified, although it might be indeed, in current environment, a commonly acknowledged one.
As we can see, the concept of logistics focuses on the product flow, which is the meaning by which this word has been translated in Chinese. It also puts emphasis on the activities of handling product, which include the storage, transportation, distribution, and packaging and processing.
Although business logistics involves many activities, the traditional research of operations management on logistics mainly relates to the fields of logistics facility, transportation, and inventory planning.
Generally speaking, supply chain is a more broadened conception with a wider range which can involve other similar subjects, such as network sourcing, supply pipeline management, value chain management, and value stream management [ 3 — 5 ].
In addition, we can see that the conception of logistics has no relationship with organization, which is the opposite of supply chain, since supply chain is made up of multiple organizations, usually companies.Mission.
Supply-Chain Management (SCM), techniques with the aim of coordinating all parts of SC from supplying raw materials to delivering and/or resumption of products, tries to minimize total costs with respect to existing conflicts among the chain ashio-midori.com example of these conflicts is the interrelation between the sale department desiring to have higher inventory levels to fulfill.
In Supply Chain Demand planning is a critical business process that impacts Fast Moving Consumer Goods (FMCG) companies’ ability to manage their value chain business performance.
Revenues, costs and asset utilization are all affected by the quality, timeliness and accuracy of demand planning. Orlicky's Material Requirements Planning, Third Edition [Carol A Ptak, Chad Smith] on ashio-midori.com *FREE* shipping on qualifying offers.
Publisher's Note: Products purchased from Third Party sellers are not guaranteed by the publisher for quality. Planning and Controlling the Supply Chain Introduction Wal-Mart is a retail giant that operates many stores around the world.
Its resound market success has a basis on low prices and one stop shopping for a wide variety of . The foot-candle is equal to one lumen per square foot and "the difference between the lux and the lumen is that the lux takes into account the area over which the luminous flux is spread.
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