A company’s manufacturing can be characterized as make-to-stock (MTS), make-to-order (MTO) and assemble-to-order (ATO).
Activity-based costing or ABC model in logistics
The Activity-based Costing (ABC) model is one of the many approaches to estimate logistics costs. The term was coined in the late 1980s by Robert Cooper and Robert Kaplan in their article titled, “Measure Costs Right: Make the Right Decisions.”
Understanding the value of logistical cost in a business
Often the efficiency of the logistics function of a business is estimated in terms of value. But there is no concrete definition of the term ‘value’ in logistics.
The challenges of using forecasting techniques in logistics
Quantitative forecasting techniques refers to the approaches of forecasting used for examining the future trends by analysing the historical data.
Maslow’s hierarchy of needs to understand the social characteristics of online customers
Maslow’s hierarchy of needs focuses on the basic requirement and demand for the individuals utilized by the marketers to identify the customer buying pattern (Yan, et al., 2016).
Supply chain costs management models
Supply chain cost management is the task of controlling the operational cost in order to enhance the profit margin of a business. It involves all activities of logistics and supply chain such as stocking, distribution, processing, packaging, procurement, and handling.
Quantitative and qualitative forecasting techniques in logistics management
Demand forecasting is defined as an approach used for analyzing future demand in comparison to the previous ones. The purpose of demand forecasting is to apply future planning and decision in the domain of finance, logistics, operation and sales.
A decision framework to mitigate the challenges of international logistics
International logistics requires many different options and requirements to be met in order for a business to operate internationally.