Logistics management - supply chain management, Finance Basics

Logistics Management - Supply Chain Management

The objectives of logistics management are to:

  • Determine the best routes to market; air, rail or road
  • Determine if warehousing is needed - type and location of facility needed
  • Find the most cost effective solution.

 

In the following extract C G Baan answers the question, 'What is the role of logistics management and supply chain management in your country's distribution business?'

In the 1990s, the Netherlands mainly focused on transportation.

This was followed by more attention on central European distribution and value added services. More recently, there has been an increased focus within the distribution industry in the Netherlands on management of product flows, logistics concepts and information in the entire supply chain. The main objective of the distribution industry in the Netherlands is to optimise product flows through a network of suppliers, production and distribution location while at the same time meeting customer requirements.

Posted Date: 3/14/2013 5:58:34 AM | Location : United States







Related Discussions:- Logistics management - supply chain management, Assignment Help, Ask Question on Logistics management - supply chain management, Get Answer, Expert's Help, Logistics management - supply chain management Discussions

Write discussion on Logistics management - supply chain management
Your posts are moderated
Related Questions
what is the applicability of a financial cycle to poultry?

(a) RBC has 100 loans outstanding, each for $1 million, which it expects to be repaid today.  Each loan has a 5% probability of default, in which case the bank is not repaid anythi

Debtors or Accounts Receiver Turnover Formula is as follow: Debtors/accounts receiver turnover  = Annual credit sales/Average debtor The ratio signify the number of ti

1.  Determine what is the future value of $20 a week for 10 (ten) years at 6 percent interest? Assume the first payment takes place at the end of this week. 2.  Kristina started

Describe the role of insurance companies. Role of Insurance Companies: The main objective of insurance companies is to prevent individuals and firms (termed as policy-hol

Petroleo Brasileiro (PBR) has just issued 1M one year bonds. Each bond hasa face value of1,000 Reais. Owners of the bonds are entitled to receive $R 1000 back at the end of the yea

Gloria the Investor Gloria is a seasoned sales manager with a very large international company. Although she has a great deal of experience with sales, she has little experience w

Managerial Finance Functions Require skilful execution, control and planning of financial activities.  Hence there are four significant managerial finance functions. Such are

How long until I get the results of my order

Net Present Value Method - DCF Technique The method discounts outflows and inflows and ascertains the total present value via deducting discounted outflows from discounted inf