The Answer must follow the outline points below: 1. Executive summary (3 Mark, Max word count 450-500) – Summarize what is logistics performance priorities,and what Logistics and Supply Chain Management concepts/tools applied to achieve the company’s objective. 2. Background information(3 Mark, Max word count 450-500) – Briefly introduce the company background (e.g., name, products, business size, location, internal/external interesting facts, etc). 3. Problem Description(3 Mark, Max word count 450-500) – Describe the objectives clearly and specifically. – The objective may involve either logistics decision-making or process improvement. 4. Application of logistics and SCM concepts/tools thatwere applied(3 Mark, Max word count 450-500) – Describe what specific logistics and Supply Chain Management concepts/tools be applied to achieve the objective. This section should make it clear that you understand the concepts/tools you are about to use. 5- Conclusion and results(2 Mark, Max word count 300-400) – Analyze the expected results / the proposed solution. 6. References at least 7-10. (1 Marks) Note: Use APA style of referencing
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ASSIGNMENT INSTRUCTIONS:
The Answer must follow the outline points below:
1. Executive summary (3 Mark, Max word count 450-500)
– Summarize what is logistics performance priorities, and what Logistics and Supply Chain Management concepts/tools applied to achieve the company’s objective.
2. Background information(3 Mark, Max word count 450-500)
– Briefly introduce the company background (e.g., name, products, business size, location, internal/external interesting facts, etc).
3. Problem Description(3 Mark, Max word count 450-500)
– Describe the objectives clearly and specifically.
– The objective may involve either logistics decision-making or process improvement.
4. Application of logistics and SCM concepts/tools that were applied(3 Mark, Max word count 450-500)
– Describe what specific logistics and Supply Chain Management concepts/tools be applied to achieve the objective. This section should make it clear that you understand the concepts/tools you are about to use.
5- Conclusion and results(2 Mark, Max word count 300-400)
– Analyze the expected results / the proposed solution.
6. References at least 7-10. (1 Mark)
Note: Use APA style of referencing
HOW TO WORK ON THIS ASSIGNMENT (EXAMPLE ESSAY / DRAFT)
a succinct summary
The many elements of the supply chain that are essential to its success are referred to as the logistics performance priorities of a company. The logistics performance priorities for ABC Inc., a major producer of consumer electronics items, are described in this study. To accomplish the goals of the organization, the research suggests using concepts/tools from logistics and supply chain management, such as transportation optimization, route planning, demand forecasting, and inventory management. The suggested methods are anticipated to reduce transportation expenses, expedite deliveries, and increase inventory effectiveness.
Background: ABC Inc. is a reputable international consumer electronics manufacturer with operations in over 100 nations. The business has about 10,000 employees and is based in New York City. Smartphones, laptops, tablets, and other consumer electronics items are all part of the company’s product line. To stay competitive in the market, ABC Inc. has recently been under increased pressure to improve the performance of its logistics.
The goal of this research is to pinpoint particular logistics performance priorities for ABC Inc. and offer recommendations to enhance the effectiveness of the company’s logistics decision-making and/or process. The study will put a special emphasis on lowering transportation expenses, speeding up deliveries, and enhancing inventory effectiveness. To guarantee customer pleasure, cut costs, and enhance overall business performance, it is imperative to achieve these goals.
Use of SCM and logistics concepts and tools
This paper suggests using several logistics and supply chain management principles and methods, including transportation optimization, route planning, demand forecasting, and inventory management, to achieve the goal. By determining the most economical routes and types of transportation, transportation optimization will assist the organization in lowering transportation costs. The company’s items will be delivered on schedule and as effectively as feasible thanks to route planning. The organization will be able to predict future demand and optimize inventory levels with the use of demand forecasting. By ensuring that products are available when customers need them, inventory management will help the business cut costs and increase customer satisfaction.
Conclusion and Results: ABC Inc. can anticipate considerable savings in transportation costs, delivery times, and inventory efficiency by implementing the suggested Logistics and SCM concepts/tools. The recommendations made in this study will assist the organization in maintaining its position as a leader in the sector by enhancing client satisfaction, cutting expenses, and boosting overall operational effectiveness.
References:
(2016). Chopra, S., and Meindl, P. Management of the supply chain: strategy, planning, and execution. Education by Pearson.
Kaminsky, P., Simchi-Levi, D., and E. (2014). Concepts, tactics, and case studies for supply chain design and management. McGraw-Hill Learning.
D. J. Bowersox, D. J. Closs, & M. B. Cooper (2013). managing the logistics of a supply chain. McGraw-Hill Learning.
(2008). Mentzer, J. T., Stank, T. P., and Esper, T. L. Logistics, marketing, production, and operations management and their connections to supply chain management. 29(1), 31–46, Journal of Business Logistics.
The authors are Lee, H. L., Padmanabhan, and Whang (2017). The supply chain bullwhip effect. 61(2), 17–23, MIT Sloan Management Review.
M. H. Hugos (2018). supply chain management’s tenets. Wiley & Sons, Inc.
(2015). Monczka, R. M., Handfield, R. B., Giunipero, and Patterson. Supply chain management and buying. Cengage Education.
(2016). Christopher, M. Supply chain management and logistics. Education by Pearson.
Naras
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