¶ … Logistics in the Corporate Environment
Logistics provides for a company a flow of goods and services from its beginning point to the point the consumer obtains the product. Without the use of logistics, a company may not be able to identify how their product moves, where their product is in their supply chain, or be able to measure the success of their logistic effectiveness (Princeton.edu, 2011).
The way in which a product is moved throughout the company should reflect the corporate strategy. For instance, Wal-Mart is focused on cost reduction, and therefore their products must move in a way that is consistent with an emphasis on the company's goal to lower costs. To ensure that Wal-Mart has cost reduction, it is also beneficial for them to have proper flow of the movement of the product. If the product does not move with a proper flow, then they will have an imbalance of their inventories. The delay in product delivery is not efficient for the goal of cost reduction (Craig, 2011). Internally, the movement of the product includes all members of the team, including the...
Externally, it is important for the vendor to provide Wal-Mart with its product and for the customer to obtain the product (Nagurney, 2006). It is not uncommon for Wal-Mart to run out of certain items and be without them for several shipment cycles. In order to be able to complete the supply chain and provide products to the consumers on a regular basis, Wal-Mart will need to improve their product movement system. Lack of improvement will create costs in inventories and create losses of sales with consumers.
Just as important as it is for a company to move their products, it is important for them to know where there products are. If a product is lost in at a warehouse, it may be traced back to its location with the use of information. In the event that a company has sold out of a product, it is important for the information to reach the management team in charge of ordering more inventories for a store. The movement of information must prove significant at all levels of an organization in…
Logistics in Aviation Aviation logistics: Competitive advantage and technological innovation Prelude In the modern era, the worldwide logistics and supply chain is very cut throat and keeping an edge over others is important for all the firms in operation. Worldwide competition in aviation logistics business is cut throat with numerous firms. Firms in this business survive only when they maintain an edge over their rivals in the business in order to keep the
Corporate Social Responsibility in Indian Pharmaceutical Industry An Exploratory Study Outlook of CSR in India History of CSR in India Philanthropy in Indian Society Modern Form of CSR in Indian Society Profile of Indian Pharmaceutical Industry Rationale for Selection CSR Activities by Indian Pharmaceutical Companies Major Influences Over CSR Activities Scope of CSR Activities Comparison of Indian & Western Pharmaceutical Companies This research paper is concerned with the recent practices of Indian pharmaceutical companies in the field of corporate social responsibility. For
21). Conversely, Michman and Greco (1999) point out that, "Some department stores have failed because many have provided a stale and unexciting physical environment to customers. Another reason has been that some department stores have been unable to implement effective inventory management systems, thereby lowering costs to either match or at least approach the prices offered by discounters" (p. 4). Effectively managing inventory also requires the ability to monitor current
Additionally, it has been observed that whenever companies implement strategies of CSR, they do this not out of individual choice and desire, but as a result of imposed legislations. "All of these decisions are made under the mandatory legal rules embodied in employment and labor law, workplace safety law, environmental law, consumer protection law, and pension law. Such rules, because they often apply to all businesses, are not susceptible to
Develop metrics. -- put tangible ethics measures in place and consider connecting compensation to ethical principles. 3. Create a cross-functional team. - include an HR professional in auditing team as well as an ethics and compliance manager and internal auditor and legal managers. 4. Audit efficiently. -- Audits frequently disrupt regular business schedule. Krell recommends conducting audit in such a way that it will limit disruption as much as possible. 5. Look
As he believes, that when firms are collaborating with government officials, they are creating win -- win situations for everyone involved. This is significant, because it is showing how the government wants to see these kinds of programs implemented to improve the business environment and the standard of living in various regions of the country. Once this occurs, it means that Saudi Arabia will be the focus of increased