Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Question
Chapter 15.7, Problem 15.7AQ
Summary Introduction
To discuss: The reason for which managing logistics process is considered to be the key for survival.
Introduction: When the planning, implementation and controlling of flow of information is done from the starting point of consumption to reach the requirements of the customer and earn profits as well, it is known as logistics.
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if a company wants to keep the holding of stocks as close to the start of the logistics chain , what are the benefits and where does the logistics chain start ?
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Chapter 15 Solutions
Understanding Business
Ch. 15.1 - Prob. 15.1AQCh. 15.2 - Prob. 15.2AQCh. 15.2 - Prob. 15.2BQCh. 15.2 - Prob. 1TPCh. 15.2 - Prob. 2TPCh. 15.2 - Prob. 3TPCh. 15.2 - Prob. 4TPCh. 15.3 - Prob. 15.3AQCh. 15.4 - Prob. 5TPCh. 15.4 - Prob. 6TP
Ch. 15.6 - Prob. 15.6AQCh. 15.7 - Prob. 15.7AQCh. 15.7 - Prob. 15.7BQCh. 15.7 - Prob. 15.7CQCh. 15.7 - Prob. 7TPCh. 15.7 - Prob. 8TPCh. 15.7 - Prob. 9TPCh. 15 - Prob. 1CTCh. 15 - Prob. 2CTCh. 15 - Prob. 3CTCh. 15 - Prob. 1TITCh. 15 - Prob. 2TITCh. 15 - Prob. 3TITCh. 15 - Prob. 4TITCh. 15 - Prob. 1VCCh. 15 - Prob. 2VCCh. 15 - Prob. 3VC
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Similar questions
- Which are typical components include in Manufacturing and Logistics?arrow_forwardWhat mode of transportation is limited to specialized products such as liquids and gases?arrow_forwardTransportation refers to the actual , physical movement of goods and people between two points , is pivotal to the successful operation of any logistics management because it carries the goods , literally , as they move along the supply chain . a) Examine how transportation costs are directly affected by the location of the firm's plants , warehouses , vendors , retail locations , and customers .arrow_forward
- The key to running a successful business lies in its effective management. And when it comes to handling a logistics or supply chain business, it is important to ensure a smooth flow of information as well as the flow of the products through good management.Logistics management includes the management of everything in the supply chain from the raw material to its warehousing, the labour administration, the transportation of the final product to the information flow, all come under it. An efficient logistics management with a proactive and a well-defined strategy can help build better customer relationships, add reliability across the whole supply chain and minimize the need for excess inventory. Along with improving delivery times and reducing errors, there are some additional things to improve in the supply chain. With this regard, Provide a detailed discussion on the impact of time-based strategies in obtaining efficient supply chains and better customer service.arrow_forwardLarge trucks are an important piece of the logistics chain. However, there were 333,000 large truck crashes in 2012, resulting in almost 3,800 fatalities, the majority being drivers or passengers of other vehicles, not the truck driver. One accident in 2014 caused a public uproar when a Walmart truck driver fell asleep at the wheel after being awake for 24 hours and crashed into another car, killing one person and critically injuring others, one being a well-known comedian. The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration enacted tougher hours-of-service rules that went into effect in July 2013. One report claimed that the industry would lose $1 billion in lost productivity as a result of these rules, while another concluded the industry would realize almost $500 million in benefit from reduced driver mortality. The new rules have caused considerable controversy and have caused hardships for drivers. As one driver put it, “If the wheels aren’t…arrow_forwardCan fedex or ups be used instead of swift logistics?arrow_forward
- Given the huge volume of small packages that Amazon ships every year, should it consider starting its own transportation company instead of giving all that business to UPS and other shippers? Why or why not?arrow_forwardShould all or a portion of logistics be outsourced?arrow_forwardIn the course of Logistics Management, we have gone through with different functions that involves in completing logistics operations. Now, considering any manufacturing company of your choice that is working in Pakistan, briefly explain how they are performing their logistics operations and provide few logical reasons to like or dislike their strategies that they have opted in their transportation, warehousing, packaging etc.arrow_forward
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