System approach allows to take into consideration a lot of interdependent phenomena and to organize complex logistic movement. Many assumed goals, which, when integrated, complete a single complementary task was allowed by the logistic system for attainment. The jobs that are accomplished by logistics management using the system approach is the coordination of raw material flows and material, reducing the costs that are related to the flows and lastly subjection of logistic works to customer satisfaction. There are two fundamental groups in the aims of logistics system. Supporting the demand fulfillment on the market, taking into concern of the optimal costs is the first group also knows as general aim.
Impact: What value a product would augment better than the competitors and how a product is facilitating the target market better than the alternatives. Proof: It is the endorsement that a specific product has delivered specific values in the most cost effective manner to gain customer satisfaction. Cost: It is the value a customer is expecting to get from a product paying a certain amount of money. Customer compares the value of the product with the cost that they have to pay and evaluate whether it delivers what is expected or not?
Hence, be a source of competitive advantage is the key resources which is not only located within the organization but it is also a part of relationship of network. Besides, the responsibility of the manager in supply chain management is to maintaining high rise elasticity and to achieve efficiency cost of supply chain. One of the key factors in term of to ensure the efficiency of financial management is the effectiveness of cost control. The commonly brought up of supply chain management’s goals is a cost reduction.
Similarly, it is also essential to assess the feasibility of the constructed business strategy to determine whether it can be implemented to new product concept development successfully or not. It depicts that for Marks and Spencer the proposed business strategies in reference to new product development must be scaled. This process is started while idea generation and financial planning as well as continue to the process of implementation. Here there are number of aspects that are necessary to take in consideration such as company should make sure can the developed business strategy be funded, organisation have the capability to meet the required level of performance in terms of products quality, store services and other. At the same time, it is also essential for Marks and Spencer to determine the marketing and management capabilities needed to maintain the achieved market and competitive position.
The decision to implement an ERP should be based on a business case rational. Technology justifications include the need to address the Y2K problem, which in most cases is not applicable and to integrate the different systems’ functions. There is also a need to merge acquisitions with new capabilities such as web accessibility into the business environment. Actions are addressed by process improvements which eventually reduce personal and IT costs.
The method is used for decision making and planning in the organization and used by the managers of the organizations. Organization uses this method to have accurate costing allocation in the production. It helps to have an accurate value of cost and profitability of each products and services. This methods help to convert indirect costs into direct costs which helps to achieve an accurate costs. The method helps to support decisions related to pricing, removing or adding items from the product protfolio and implementing evaluating processes for improvemnets in the organiation.
(2008) stated by drawing conclusions relative to the feasibility and utility of using TOC TP logic tools to help managers of service organizations improve their overall system performance. Moreira et al. (2014) illustrated
Resource based view is the tool that is used in order to evaluate the resources that are important for the organisation to make their performance effective. It is regarded as a significant approach that is used by the organisation towards attainment of competitive advantage. The aim of this paper is to evaluate the resource based view literature and then applying the knowledge on the evaluation of a case study organisation. The selected organisation is Zara Fast Fashion, which is analysed with the help of use of RBV towards achievement of sustainable competitive advantage. The theoretical concepts of the resource-based view is analysed and applied on Zara as a real world example.
1. Importance of logistic and supply chain management. Logistics is the goods from the supplier to receive the entity flow process, according to the actual need, transportation, storage, procurement, handling, packaging, circulation processing, distribution, information processing, and other functions for the purpose of conforming customer requirements. Why are they so important? Logistics can reduce the enterprise cost, enhance the competitiveness of enterprises.
but ? having no more extra area or money to purchase the correct ones to meet the demand?. The inefficiencies in Barilla?s distribution system are mainly caused by huge fluctuations in demand and inaccurate forecast. The reasons for making the distributor?s order pattern look like this?increase in variability in its supply chain -- are illustrated below: LONG LEAD TIMES: it takes approximately 8-14 days for the receipt of items at the distributors end from the date placing the order and the average lead time is 10 days.