Toyota’s management philosophy has evolved from the country’s origins and has been reflected in the terms “Lean Manufacturing” and “Just in Time Production”, which was instrumental in developing.
case study, logistics management, supply chain managementBusinesses in order to increase their market share and gain a competitive edge regularly take decisions regarding facility locations.
logistics management, supply chain managementThe 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.”
logistics management, supply chain managementOften 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.
logistics management, retail industry, supply chain management, value propositionQuantitative forecasting techniques refers to the approaches of forecasting used for examining the future trends by analysing the historical data.
logistics management, supply chain managementDemand 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.
logistics management, supply chain managementInternational logistics requires many different options and requirements to be met in order for a business to operate internationally.
logistics management, supply chain managementReverse logistics is often known as aftermarket logistics or aftermarket supply chain. It is described as the activities that are carried out to recapture the value after the product has been sold (Dekker, et al., 2013).
logistics management, retail industry, supply chain management