Day: March 28, 2022

1. Extended lead time of suppliers In an internationally organised business, most products produced in a particular factory will be sold in a number of different countries. In order to manage the interface between production and sales teams in each Read More …

Transportation cost rose rapidly due to increase in fuel prices. Production efficiency was reaching a peak. Fundamental change in inventory philosophy. Product line is increased. Computer technology. Increased public concern of product of several new large retail chains or large Read More …

Implementation of the strategy is an important activity after the formulation. The firm needs to evolve a proper framework to successfully implement its logistics strategy. Important aspects for implementation of strategy are: • Financial dimensions of control such as net Read More …

1. Cost Leadership: Achieving cost leadership is facilitated by logistics cost reduction to a major extent. This can be achieved by many ways. Examples of achieving logistics cost reduction are: • Reducing transaction costs through IT support • Warehouse operations Read More …

Characteristics of an effective logistics strategic planning and project management are as follows: Dedicated planning resources and programs Unless proper resources are set aside for long term planning, it will not be carried out to the level of necessity to Read More …

Logistics strategy is the set of guiding principles, driving forces and ingrained attitudes that help to coordinate goals, plans and policies and which are enforced through conscious and subconscious behaviours within and between partners across a network. Companies implement a Read More …