Illustrate with appropriate examples FIVE (5) benefits of digitisation in Lazada Logistic systems to manage its 3rd party logistics (3PL) delivery performance.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Question 2
Read the case study below and answer the following questions:
Lazada eyes more sellers through new service
Lazada Malaysia aims to encourage more local businesses to choose Lazada as
their preferred e-commerce platform, using its logistical solutions, network, and
infrastructure to future-proof and expand their brand online.
Lazada Malaysia chief logistics officer P Sunil Singh said Lazada Logistics had
launched a multi-channel logistics service (MCL) with a comprehensive storage
solution to help e-commerce service providers and brands meet the needs of
ecommerce sales smoothly. In addition, MCL services provide brands and sellers
with greater flexibility and flexibility in inventory control. The service will help reduce
the worry of warehouse management's costly logistics and operating costs.
"Sellers no longer need to split their stock and liaise with multiple parties for
fulfilment and last-mile delivery. With MCL, Lazada Logistics can fulfil the orders
from their online channels with the consolidated stock in our warehouse. With this
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new service, Lazada is going to improve our physical infrastructure, expand the
platform's coverage, as well as get more of the sellers to onboard Lazada," he told
the New Straits Times in an interview.
Sunil said that with the digitisation of Lazada Logistic systems, time and cost are
better managed because of automation and technology that cares for their
infrastructure. Lazada Logistic is powered by a data-driven, smart routing
algorithm, enabling its services to meet the surging demand of Malaysia's
flourishing eCommerce industry, he said.
"Data facilities technologies play a very big role for Lazada Logistic. We spend a
lot of time looking at data and information and keep changing and optimising what
a route pattern looks like, how can we make our drivers more efficient, and how do
we shorten the journey of a package from a seller to a buyer and not necessarily
always have to go to the longest path. We also use a lot of machine learning with
the backend to support and understand what is the best way to operate more
effectively," he said.
Meanwhile, Sunil said Lazada would also focus on making its service more
accessible to the general masses by improving Malaysia's logistics and distribution
centres. He said Lazada is ramping up to build more logistic warehouses in
Malaysia starting from next year to make the service more efficient and closer to
the buyers.
"As the economy marked a significant shift towards digitalisation in 2020, Lazada
saw an increase in the number of buyers from outside Klang Valley. Therefore, we
are planning to have more logistic warehouses to reduce that average delivery time
spent on one order essentially, so then the buyers will get their package delivered
faster and enhance same-day order delivery. But that does not mean that we are
going to have physical setups everywhere. So we are looking at it from a
rationalisation," he added.
(b) Illustrate with appropriate examples FIVE (5) benefits of digitisation in
Lazada Logistic systems to manage its 3rd party logistics (3PL) delivery
performance.
please provide detailed answer.
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