Explain the concept of vision and mission in strategic logistics management.
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Strategy is an action that managers take to attain one or more of the organization’s goals. Strategy can also be defined as a general direction set for the company and its various components to achieve a desired state in the future. Strategy results from the detailed strategic planning process. A strategy is all about integrating organizational activities and utilizing and allocating the scarce resources within the organizational environment so as to meet the present objectives.
- Explain the concept of vision and mission in strategic logistics management.
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- Logistics, like other functions in an organization, requires a plan to operate against or so-called strategy. Importantly, it should be a part of the one-plan process, whereby each stage of planning is linked to others, so there is traceability of information and data. To start the logistics strategy planning process, the inputs are the business model, business plan, and external communication. Apart from overall logistics influence towards organization strategy, discuss any THREE (3) contemporary inventory strategies for an organization. Support your answer with a situation where each strategy is suitable to be applied.Supply chain management (SCM) is a critical component of organizational management that focuses on the efficient coordination of the flow of goods, services, and information from raw material suppliers to end customers. Effective supply chain management involves the strategic planning and execution of processes to optimize the procurement, production, and distribution of products or services. Key aspects of SCM include supplier relationship management, inventory management, logistics, and demand forecasting. By streamlining supply chain processes, organizations can minimize costs, improve operational efficiency, and enhance customer satisfaction. Additionally, SCM plays a vital role in risk management by identifying potential disruptions and implementing contingency plans to mitigate their impact. In today's globalized and interconnected marketplace, effective supply chain management is essential for maintaining competitiveness and resilience. How can organizations leverage technology…What problems does overcasting demand create within a supply chain? What problems does under forecasting demand create? What can a company do to resolve the problem of forecasting accuracy? Discuss the impact that current transportation issues may have on supply managers.
- In each of the following, name the term defined. Answers are listed at the bottom.1. This is the art and science of obtaining, producing, and distributing material and products in the proper place and in the proper quantities.2. A company that is hired to handle logistics functions.3. A mode of transportation that is the most flexible relative to cost, volume, and speed of delivery.4. When large shipments are broken down directly into smaller shipments for local delivery.5. Sorting goods is the main purpose of this type of warehouse.6. A place where foreign goods can be brought into the United States without being subject to normal customs requirements.How is the planning at IKEA? Planning:Consists of the processes necessary to strategically operate an existing supply chain.Anuar is the Managing Director of Warung Pakatan Sarapan, a stall that offers a variety of Malaysian breakfast that operates only from 7am to 1 1 am, every day. He is interested to find out different strategies that are available for his business. Explain with relevant examples of each type of strategy that Anuar can consider according to Porter's generic strategies
- Pinky Ice-cream ltd. is an ice-cream company that is located in the city of Palma and has branches in several communities. The brand is an emerging brand and is becoming very popular among children and young adults. One of the reasons why this brand of ice-cream is becoming so popular is because the quality is outstanding. The Operations manager work closely with the marketing manager to ensure that the best quality ice-cream is sold to customer. The OM manager uses the best quality ingredientsand ensures that the best machines and labour are employed in the transformation process. They also produce a variety of flavours to ensure that the customers have a wide choice. Weekly customer demand for the ice-cream can be seen in the table below. Week Demand(gallons)1 2802 2953 3154 3005 3406 3357 350 Seeing that the company is fairly new, management is yet to formulate a…Pinky Ice-cream ltd. is an ice-cream company that is located in the city of Palma and has branches in several communities. The brand is an emerging brand and is becoming very popular among children and young adults. One of the reasons why this brand of ice-cream is becoming so popular is because the quality is outstanding. The Operations manager work closely with the marketing manager to ensure that the best quality ice-cream is sold to customer. The OM manager uses the best quality ingredientsand ensures that the best machines and labour are employed in the transformation process. They also produce a variety of flavours to ensure that the customers have a wide choice. Weekly customer demand for the ice-cream can be seen in the table below. Week Demand(gallons)1 2802 2953 3154 3005 3406 3357 350 Seeing that the company is fairly new, management is yet to formulate a…Pinky Ice-cream ltd. is an ice-cream company that is located in the city of Palma and has branches in several communities. The brand is an emerging brand and is becoming very popular among children and young adults. One of the reasons why this brand of ice-cream is becoming so popular is because the quality is outstanding. The Operations manager work closely with the marketing manager to ensure that the best quality ice-cream is sold to customer. The OM manager uses the best quality ingredients and ensures that the best machines and labour are employed in the transformation process. They also produce a variety of flavours to ensure that the customers have a wide choice. Weekly customer demand for the ice-cream can be seen in the table below. Week. Demand(gallons) 1 280 2. 295 3. 315 4. 300 5. 340 6. 335 7. 350 Seeing that the company is fairly new, management is…
- Pinky Ice-cream ltd. is an ice-cream company that is located in the city of Palma and has branches in several communities. The brand is an emerging brand and is becoming very popular among children and young adults. One of the reasons why this brand of ice-cream is becoming so popular is because the quality is outstanding. The Operations manager work closely with the marketing manager to ensure that the best quality ice-cream is sold to customer. The OM manager uses the best quality ingredientsand ensures that the best machines and labour are employed in the transformation process. They also produce a variety of flavours to ensure that the customers have a wide choice. Weekly customer demand for the ice-cream can be seen in the table below. Week Demand(gallons)1 2802 2953 3154 3005 3406 3357 350 Seeing that the company is fairly new, management is yet to formulate a…The Office Place is a new retail venture that is located in Omaha, NE that sells office supplies to retail“face-to-face” customers, online customers as well as to other businesses (primarily in bulk). Theirstrategy and mission is to sell their products at a deeply discounted price, while providing the bestcustomer service experience possible. This strategy is primarily based on industry research showing thatthere is a growing dissatisfaction with the level of customer service from retailers.This start-up will eventually employ approximately 100 people at various levels and positions and all willbe located in the Omaha, NE facility. The Omaha, NE job market tends to have lower unemploymentrates and more job stability than in other areas of the country. 1. Conducting comparative research on benefit packages (as well as any other supplementary data, such asindustry standards). The deliverable is to identify your comparisongroup(s), the justification as to why you chose the comparison…The bullwhip effect is used to describe how relatively small fluctuations in the market can cause increasing volatility further back in the chain. What is the main driver of this phenomenon a. The creating of partnership relationships in the supply chain b. Collaborative Planning Forecasting and Replenishment (CPFR) c. Introduction of information systems linking all parts of the supply chain d. The desire by the different links in the chain to manage their production rates and inventory levels sensibly.