1.1. Definition of Reverse Logistics: Supply Chain Management (SCM), in general context, is defined as the management of the flow of goods and services from point of origin to point of consumption. Reverse Logistics (RL), on the contrary, is the flow of products, services & information in the opposite direction from the consumption end to the origin. In this concept, the explanation of the means and ends is reversed, with the consumer or distributor being the origin and the manufacturer being the
Presentation Logistics is the organization of the surge of things between the reason for starting and the motivation behind usage with a particular finished objective to meet necessities of customers or associations. The advantages administered in logistics can consolidate physical things, for instance, sustenance, materials, animals, equipment and liquids, and moreover special things, for instance, supervise time, information, transport unit Pricing and Quantity , particles, and essentialness
Presentation Logistics is the organization of the surge of things between the reason for starting and the motivation behind usage with a particular finished objective to meet necessities of customers or associations. The advantages administered in logistics can consolidate physical things, for instance, sustenance, materials, animals, equipment and liquids, and moreover special things, for instance, supervise time, information, transport unit Pricing and Quantity , particles, and essentialness
Indeed, there has been occasions to distinguish logistics from supply chain management, to make logistics be a subset of supply chain management (Ballou, 2006). This is in line with the unionist view which seeks to show that Logistics is a subset of Supply Chain Management differing from the views of traditionalist, intersectionist and re-labelling proponents. Thus in the description and mapping of the selected company; H&M the unionist view will be held throughout. The Council of Supply Chain Management
Woodmere Products Case Study The case study is about time-based logistics. HomeHelp wants Woodmere to collaborate with it in an exclusive distribution using time-based logistics. Woodmere has to submit a proposal for implementing that. The following are the answers to questions about this collaboration. Major Business propositions for Woodmere and HomeHelp The business proposition for Woodmere in this case study is as follows. Woodmere would be able to secure an exclusive distribution with HomeHelp
Executive summary This report depicts the various stages of IKEA’s supply chain flow, providing an elaboration of processes that take place at each stage. It also shows the dependency of the stages and how information flows through the supply chain. After illustrating the supply chain flow process of IKEA, the report then moves on to analyze the company’s global supply chain strategies. It demonstrates how IKEA utilizes an intricate system of distribution to ensure timely delivery of products and
Introduction Supply chain Management Let us initially understand what is supply chain management, it can be defined as ‘ the integrated network of all the people, organizations, resources, activities and technology involved to create and sell the product, from the delivery of raw materials from the supplier to the manufacturer, through to its final delivery to the end user’. It oversees flow of goods, information, labor and finance across the entire network. Time taken from start point to end point
FE 2200: Introduction to Supply Chain Management Project Assignment No.1: The Horsemeat Scandal A case study on opportunism and poor governance along the food supply chain management. By: James Condon Student No. 116353943 Word Count: 1500 Words Date: 14/11/16 Executive Summery: •This report was prepared to show the Minister for Agriculture how opportunism and poor governance in the food supply chain lead to the horsemeat
1. Define acronyms CRP, EDI, OSB, ECR and explain. CRP stands for "continuous replenishment program". CRP was a process that P&G created in order to increase logistic efficiency. The process consisted of using electronic data interchange (EDI), which is an electronic system that transmits data instantaneously from one business to another. The use of EDI was expanded to help automate P&G 's ordering, shipping, and billing system (OBS), which was a system that was the hub for generating
Social Exchange Theory Introduction I. I am going to start my speech with a corny joke. What do you call the “Children of the Corn’s” father? Popcorn. II. In my life I have made a many bad choices, but my greatest regret is a decision I made to quit something before I should have. III. Social Exchange Theory, if understood and used correctly can influence your life and the lives of those around you in a positive and beneficial way. A. Social Exchange Theory is a mental process we all use. B. Rural
Assignment 1 1. Write an essay on the assumption of “Rational Self-Interest.” Make sure that you touch on each of the 3 components of this assumption that we discussed in class. Comment on the relevance of this assumption in our daily lives. Please explain how Adam Smith’s Invisible Hand Theory uses the assumption of Rational Self-Interest to show how society benefits. Decisions are what determines the success of people, businesses and nations, a good decision could mean extreme wealth and a
Communications Technology Essay Communication can be used in multiple ways to communicate with people in our daily life through the uses of mobile phones (text, Phone calls). Apps such as Facebook have helped us to be able to communicate in a great way through the sharing of pictures and instant messaging through the internet, connecting family and friends in a web of connections. In a business sense, it has improved the ability to interact with the overseas parts of an organization. Being able
1. Retail Business Environment The US apparel industry is large, mature, and highly fragmented. This industry has stretched the boundaries of its creativity and imagination in finding new ways to increase selling opportunities and achieve competitive edge globally. The global economic downturn has had a severe effect over the apparel industry, but the denim market has regained its pace relatively faster as compared to other apparel segments. Denim jeans have become a necessity and wardrobe staple
a national level, the unemployment rate has stayed steady at 4.1 percent (Ferreira, 2018). In 2015, the spending in the United States logistics and transportation industry totaled $1.48 trillion, making up 8 percent of gross domestic product for the year. Trucking alone moved more than 10.4 billion tons of freight and brought in $676.2 billion in 2016 (Logistics & Transportation Industry, 2018). The amount of money that this industry brings in towards the gross domestic product really shows how
Purchasing and supply organization is basic in the business world. Purchasing and supply organization has the methods for the development of undertaking supply, organization, and material spending design from the point by point requirements. It demonstrates to accumulate the best-qualified suppliers and the strategies for the expenses. Likewise, the points of interest and costs of outsourcing. This furthermore joins the advancement of outsourcing. An extensive variety of affiliations will be settled
Answer: Led cross-functional team members to implement sourcing strategies to include, value optimization, bidding process, entertaining pre-emptive offers, low-cost-country sourcing, invoking “Meet and Release” contract language among others, achieving significant cost reductions totaling $161 Million during my time with DPSG. In addition, I led the working capital strategy delivering $85 Million in savings by extending payment terms and reducing materials lead time. As an example, I personally
Article: "Amazon Ordered to Pay $62 Million for Withholding Tips To Delivery Drivers" (Source: The New York Times, February 2, 2021) Summary: Amazon has been ordered to pay a settlement of $61.7 million to Flex drivers who had their tips withheld by the company. The lawsuit accused Amazon of violating federal labor laws by not giving Flex drivers the full tips that customers had paid them. Amazon’s Flex program uses independent contractors to deliver packages to customers. Under the Flex program
Part One Supply Chain Mgmt. (Ch. 11) and Operations Strategy (Ch. 2) in Relation With My Professional Experience (Option D) Chapter eleven supply chain management is a very relevant part in the organization I work for, therefore this part will be based on my work experience. The Esber Beverage Company is a local beer and wine distributor. In our textbooks, there is an illustration showing the supply chain for beer, which closely follows the interaction among the suppliers, manufactures, distributors
BUS5EIS DARSHIT DOSHI- 18381528 Resubmission of Task 3 Task 3 Q.1) Why would SAP’s customer have wanted such a complex process? Answer: Sales and distribution is a very complex process from start to end including the process such as pricing and discounts. The market is widely spread and to make it more easier SAP can categorise it according to their specifications. SAP can help convert this unorganised process into organised process. The central approach of GBI can create a master record for all
Great little box company established in 1982 projects and manufactures custom and stock corrugated boxes, display and foam protective packaging, and allocates a full variety of shipping goods, moving equipment, and moving materials. It has received many awards over the years such as it was named one of ‘Canada’s 50 Best Managed Private Companies’ six times, one of the ‘Best Companies to Work for in BC’ three times, and one of ‘Canada’s Top 100 Best Companies to Work For’ twice. The company started