i. Compare and contrast Supply chain and Logistic management ii. Explain each key characteristics related to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
i. Compare and contrast Supply chain and Logistic management ii. Explain each key characteristics related to delivery networks. iii. Discuss the features of system approach in your own understanding based on the above discussion. V. Lesson Proper Logistics Management SC Logistics Management In general, logistics refers to activities within the borders and the supply chain refers to networks of companies that work together and coordinate their activities in order to deliver a product to the market. Traditional logistics also focus on procurement, distribution, maintenance and inventory management activities. Supply Chain Management (SCM) recognizes all traditional logistics, including marketing, new product development, finances and customer service. Supply Chain Management Logistics Key Difference between SCM and Logistics Management What is Logistics? "Logistics is to get the right product, the correct client, the right number, the right condition, the right place, the right time, and at the correct cost (seven R)"-John J. Coyle et al." Office In the past, different departments were engaged in various roles, but they are now under the same department and report to the same head as below. Integrated Logistics -O 1 Customer Purchasing Production Warehouse Transport Planning Service What is Logistics Management? "Logistics management is responsible for efficient and efficient management of day-to-day business in the production of finished products and services of the company" Logistics Management Effectiveness Efficiency What is Supply Chain? The supply chain is the network of organizations involved in various processes and activities, through upstream and downstream linkages, that yield value in the form of products and services in the hands of the ultimate consumer What is Supply Chain Management? Through investigator defines the management of the supply chain different. However, the simple description as below is to be given, "Production, inventory, location and transportation coordination among supply chain participants (SCMS) are used to provide the best mix of reactivity and efficiency of markets served" -Michael Hugos Distributions System quential flows of proce Distributed systems can be characterized as sequential flows of processes, systems and operations designed to make transporting products and services from the source to the customer more facilitating and monitoring. In theory, distribution means supplying end consumers with goods and services when and where they need them. Often, in relation to distribution systems, you might hear the term distribution channel or a marketing channel. Those two words involve a group of businesses or individuals with an effect on the movement of goods and services from the production source to the final customer. Distribution systems s reiterate that when they are in need and can be used, products and services are made available to the customers. Here are some of the key characteristics related to delivery networks and the advantages: Time: when the consumer wants the service or the product. Site: the location attribute of the product or service is where the consumer wishes to obtain. Control: product or service control by the customer. Method: distribution channel specifications; e.g. The food product of a private label is produced by different producers. Each attribute has a role, responsibility and share common objectives such as profit and increase that are achieved in a unified process as a whole, which is crucial to the design of the distribution system. A System Approach We regarded organization as an organic and transparent system consisting of interacting and interdependent elements, known as subsystems. Management as a system or as "an ordered whole" consisting of subsystems incorporated into a unit or a totality is the most critical approach in the organization. The systemapproach is based on the general idea that all are interrelated and interdependent. A system consists of an item that is connected and dependent and that forms a whole while interacting. A system is just an assembly or a combination of a complex whole. One of its most important features is that it is composed of a hierarchy of subsystems. These are the parts that make up the major system, and so on. For example, the world can be seen as a system in which different national economies are sub-systems. On the other hand, each national economy is made up of its different industries, each industry is made up of firms and, of course, a company can be considered a system made up of subsystems side, such as production, marketing, finance, accounting and so on. Features of System Approach . The system consists of interactive elements. It is composed of interrelated and interdependent parts arranged in a manner that produces a unified whole. • The various subsystems should be studied in their interrelationships rather than in isolation from each other. . The organizational system has a boundary which determines which parts are internal and which are external. There is no vacuum system. It receives information, materials and energy from other systems as inputs. These inputs undergo a process of transformation within the system and leave the system as an output to other systems. ✓ An organization is a dynamic system that responds to its environment. It is vulnerable to environmental change. In the system approach, attention is paid to the overall efficiency of the system rather than the effectiveness of the subsystems. The interdependence of the subsystems is taken into account. The idea of systems can be applied at an organizational level. In the Appling system concepts, organizations are taken into account and not just the objectives and performance of the different departments (sub-systems). and i. Compare and contrast Supply chain and Logistic management ii. Explain each key characteristics related to delivery networks. iii. Discuss the features of system approach in your own understanding based on the above discussion. V. Lesson Proper Logistics Management SC Logistics Management In general, logistics refers to activities within the borders and the supply chain refers to networks of companies that work together and coordinate their activities in order to deliver a product to the market. Traditional logistics also focus on procurement, distribution, maintenance and inventory management activities. Supply Chain Management (SCM) recognizes all traditional logistics, including marketing, new product development, finances and customer service. Supply Chain Management Logistics Key Difference between SCM and Logistics Management What is Logistics? "Logistics is to get the right product, the correct client, the right number, the right condition, the right place, the right time, and at the correct cost (seven R)"-John J. Coyle et al." Office In the past, different departments were engaged in various roles, but they are now under the same department and report to the same head as below. Integrated Logistics -O 1 Customer Purchasing Production Warehouse Transport Planning Service What is Logistics Management? "Logistics management is responsible for efficient and efficient management of day-to-day business in the production of finished products and services of the company" Logistics Management Effectiveness Efficiency What is Supply Chain? The supply chain is the network of organizations involved in various processes and activities, through upstream and downstream linkages, that yield value in the form of products and services in the hands of the ultimate consumer What is Supply Chain Management? Through investigator defines the management of the supply chain different. However, the simple description as below is to be given, "Production, inventory, location and transportation coordination among supply chain participants (SCMS) are used to provide the best mix of reactivity and efficiency of markets served" -Michael Hugos Distributions System quential flows of proce Distributed systems can be characterized as sequential flows of processes, systems and operations designed to make transporting products and services from the source to the customer more facilitating and monitoring. In theory, distribution means supplying end consumers with goods and services when and where they need them. Often, in relation to distribution systems, you might hear the term distribution channel or a marketing channel. Those two words involve a group of businesses or individuals with an effect on the movement of goods and services from the production source to the final customer. Distribution systems s reiterate that when they are in need and can be used, products and services are made available to the customers. Here are some of the key characteristics related to delivery networks and the advantages: Time: when the consumer wants the service or the product. Site: the location attribute of the product or service is where the consumer wishes to obtain. Control: product or service control by the customer. Method: distribution channel specifications; e.g. The food product of a private label is produced by different producers. Each attribute has a role, responsibility and share common objectives such as profit and increase that are achieved in a unified process as a whole, which is crucial to the design of the distribution system. A System Approach We regarded organization as an organic and transparent system consisting of interacting and interdependent elements, known as subsystems. Management as a system or as "an ordered whole" consisting of subsystems incorporated into a unit or a totality is the most critical approach in the organization. The systemapproach is based on the general idea that all are interrelated and interdependent. A system consists of an item that is connected and dependent and that forms a whole while interacting. A system is just an assembly or a combination of a complex whole. One of its most important features is that it is composed of a hierarchy of subsystems. These are the parts that make up the major system, and so on. For example, the world can be seen as a system in which different national economies are sub-systems. On the other hand, each national economy is made up of its different industries, each industry is made up of firms and, of course, a company can be considered a system made up of subsystems side, such as production, marketing, finance, accounting and so on. Features of System Approach . The system consists of interactive elements. It is composed of interrelated and interdependent parts arranged in a manner that produces a unified whole. • The various subsystems should be studied in their interrelationships rather than in isolation from each other. . The organizational system has a boundary which determines which parts are internal and which are external. There is no vacuum system. It receives information, materials and energy from other systems as inputs. These inputs undergo a process of transformation within the system and leave the system as an output to other systems. ✓ An organization is a dynamic system that responds to its environment. It is vulnerable to environmental change. In the system approach, attention is paid to the overall efficiency of the system rather than the effectiveness of the subsystems. The interdependence of the subsystems is taken into account. The idea of systems can be applied at an organizational level. In the Appling system concepts, organizations are taken into account and not just the objectives and performance of the different departments (sub-systems). and
Expert Answer:
Answer rating: 100% (QA)
i Supply chain management SCM and logistics management are closely related concepts but have distinct differences Supply chain management SCM refers to the coordination and management of all activitie... View the full answer
Related Book For
Transportation A Global Supply Chain Perspective
ISBN: 9781337406642
9th Edition
Authors: Robert A. Novack, Brian Gibson, Yoshinori Suzuki, John J. Coyle
Posted Date:
Students also viewed these general management questions
-
This handout is to be use for Part II - Determining Cash Flow Using the Direct Method Money Farm Corporation has provided us with the following partial balance sheet information: End of Beginning...
-
(i) Write down the linear program relaxation for the vertex cover problem and solve the linear program. [6 marks] (ii) Based on the solution of the linear program in (b)(i), derive an integer...
-
3 Question 2 Jacob Limited, a private company, manufactures doors, windows, and fencing. The company had a profit before tax of $89,000,000 for year ended December 31, 2021 after charging/...
-
What types of costs are associated with a Stance" sock vending machine located in an airport? At Cleveland Hopkins International Airport in northeastern Ohio, a vending machine that dispenses socks...
-
Anita Vasquez received $190,000 from her mother's estate. She placed the funds into the hands of a broker, who purchased the following securities on Anita's behalf: a. Common stock was purchased at a...
-
Describe the Financial Services Modernization Act of 1999. Explain how it affected commercial bank operations, and how it changed the competitive landscape among financial institutions.
-
You observe the following prices for different bonds (note that the coupons on all of them have just been paid) (a) Calculate the return on each of these bonds. (b) Reconstruct the zero coupon curve...
-
A company that sells products through mail-order catalogs wants to evaluate whether the mean sales for their most recent catalog were different from the mean of $15 from past catalogs. For a random...
-
Home | MyPCC Question 4 Google Yaho BIL Homepage-MTH-243-22063-Statistics I The following stem-and-leaf plots compare the ages of 30 actors and 30 actresses at the time they won the Oscar award for...
-
Consider the operations of a fast-food restaurant serving pre-made pasta dishes to its guests. The operation consists of four steps. Each customer is first greeted and offered a menu and a tray,...
-
From your interview with Lance Aston, you learned more about why Lance is requesting training. Below are your notes from the meeting: Problem Statement: Reduce the high number of accidents occurrin...
-
Direct marketing and mass marketing are becoming a very popular method for communicating with consumers. Giving reasons for their worldwide popularity, show the differences between direct and mass...
-
Blossom Company's current assets at December 31, 2022 are listed below in alphabetical order. Accounts receivable $41,820 Cash 62,220 Finished goods inventory 26,520 Prepaid expenses 3,060 Raw...
-
Willy Ltd was formed on 1 July 2023 to provide courier services. On this date, the company acquired a delivery van from Wagtail Vehicles. The company paid cash of $75 000 to Wagtail Vehicles. The van...
-
solve 3p(p3) 13 8(p+3)-43 -
-
Pfd Company has debt with a yield to maturity of 6.5%, a cost of equity of 14.3%, and a cost of preferred stock of 9.7%. The market values of its debt, preferred stock, and equity are $10.5 million,...
-
Broha Company manufactured 1,800 units of its only product during 2019. The inputs for this production are as follows: 480 pounds of Material A at a cost of $1.80 per pound 330 pounds of Material H...
-
Review Exhibit 11.4. Analyze each product on the graph according to the characteristics that influence the rate of adoption. For example, what can you conclude from the data about the relative...
-
During the summer of 2014, Ben Heuer, president and chief operating officer of Great Lakes Carriers (GLC), and E. Kate Weber, vice president of business development, revisited the port directors of...
-
Discuss the strategic needs and challenges that transportation managers face. How can 3PL service providers help them improve performance and reduce costs?
-
Discuss how transportation professionals are deploying technology in their quest to minimize freight theft.
-
Decade Petroleum incurred and paid the following costs during 2016: Record Decade Petroleum's transactions. Lease A Unproved Lease B Unproved Lease C Proved Lease D Proved Purchased Acquisition costs...
-
The Kincaid Oil Company has unproved property costs of $40,000 at January 1, 2016. During 2016, Kincaid incurred $400,000 drilling costs on Lease A. An 8%, $500,000 note is outstanding during the...
-
Duck Petroleum hires a drilling contractor to drill a well to the depth of 8,000 feet at a cost of $300,000. The $300,000 cost includes $5,000 for surface casing. Any drilling to be completed after...
Study smarter with the SolutionInn App