Sunday, March 10, 2019

Logistics Summary

Logistics a practical approach Part 1 The foundations of Logistics Chapter 1 Introduding Logistics Logistics is more than just Transportation Involves aspects uniform procurement (Beschaffung), sourcing, supply, storing, control condition and distribution (Verteilung/Austeilung) Shift towards placing production in Central Europe b/c production is cheaper Deli actu every last(predicate)y customer gets what he ordered, where he wants it and at the right time, not too early & not too recent Completeness orders should arrive as one delivery Accuracy should deliver what you promised accusation only want to pay for what you ordered Customer service tolerable stock to satisfy the customer + service Flexibility ability to convey anything on time and anything at any time Production in developing countries makes it possible to offer goods for the lowest price Good logistics will result in gaining customers, gaining trade and success for the business itself Automotive manuf acture is one of the first industries to make good use of all hot developments in the field of business studies Henry Ford discovered the position of a conveyor belt where everyone makes just a small component lay out of the car and becomes a specialist in his own little world. Mistakes argon easily recognized ( Work becomes routine and effective ( Saving time and time is money mass production became the norm later just-in-time caution was taken up by the whole automotive industry which was started by the Japanese Conflicting goals of logistics efficient use of machinery low inventory numerous different varieties of products short delivery time e. g. within two hours Logistics should supporter each and everyone in the organization to achieve the overall goal of the federation Value chain of Porter shows that we do not have very important and less important departments A chain is only as strong as its weakest link Final goal is getting a maximum profit and the survi val in the long run pic intend the activities instead of taking one aspect or link at a time and trying to obtain an optimal result for this part we now have to look at the whole chain and centralize on obtaining a maximum result at an integral level. This requires mean for the whole chain (traditional plan vs. modern approach integral planning ( p. 25) Symbols pic most logistic value chains will consist of galore(postnominal) different forms and will resemble networks these different aspects all make up the basic elements of logistics within the value chain all elements within a Supply Chain should be connected the main goal to run across that the customer gets the right product cooperation is needed in order to discover that all links have a common goal in mind to increase the efficiency and effectiveness of the chain results should be high profit margins lower gross revenue prices improved competition faster installation of new products Supply Chain a network of connected and mutually beneficial organizations mutually and cooperatively working together to control, manage and improve the incline of materials and information from suppliers to end users The more links there are among you and the final customer, the more difficult it will be to understand that foodstuff Logistics is a combination of the activities secular Handling Stock control modulate handling and processing Customer service Demand prediction Sourcing, Vendoring and buy Distribution internal and external Location of warehouses and production facilities Handling reversed flows of goods, rejects and packaging material Spare parts, repairs and customer service Production planningDefinition of logistics Logistics is the process of planning, implementing and controlling the efficient, effective flow and storage of unrefined materials, in-process inventory, finished goods, services and related information from register of origin to point of consumption for the purpose of conforming to customer requirements Logistics management consists of 2 blocks Material Management (MM) and Physical Distribution (PD) (p. 36) Logistics and the most important relationships pic it is difficult to discover the be for logistics, as every company has a different model for what to include and what not during the last decades, the equals for logistics have seen a vast increase compared to other costs to get a quick cortical potential into the buildup of costs and the relationships with profits Return on Investment (ROI) ROI = Profit / tot up assets ROI = (Profit/Turnover) * ( Turnover/ sum total assets) ( Not possible to increase the ROI by increase sales Turnover total sales Total cost all costs made in an organization Costs of logistics all costs related to logistics Other costs all costs except cost of logistics Profit what is left after all costs are pay Profit margin profit as a percentage of sales Depts. all outstanding debts, mainly with suppliers Liquid assets assets quickly transferred into cash determined assets assets which only can be transferred into cash with huge costs like machinery etc. Total assets everything invested in an organization Turnover rate total assets as a percentage of sales

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